Certificate of commencement of business: Board grants it after verifying eligibility and physical inspection, enabling a depository to commence operations. The Board, after considering the application under regulation 13 and making the physical verification required by that regulation, must be satisfied of ... Summary
Certificate of commencement of business: Board grants it after verifying eligibility and physical inspection, enabling a depository to commence operations.
The Board, after considering the application under regulation 13 and making the physical verification required by that regulation, must be satisfied of the depository's eligibility before granting a certificate of commencement of business; when satisfied, the Board shall grant the certificate in Form D.
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