Chapter VIIRIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS, MANNER OF SURRENDER OF CERTIFICATE OF SECURITY AND CREATION OF PLEDGE OR HYPOTHECATION (From Regulation 40 to Regulation 82AA )
Prescribed shareholding cap and fit-and-proper requirement bar registration consideration unless both conditions satisfied for depositories regulations. The Board will not consider an application for a certificate of registration for a depository unless the applicant belongs to the shareholder category ... Summary
Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018
Prescribed shareholding cap and fit-and-proper requirement bar registration consideration unless both conditions satisfied for depositories regulations.
The Board will not consider an application for a certificate of registration for a depository unless the applicant belongs to the shareholder category permitted to hold up to the prescribed share capital threshold and is a fit and proper person under the applicable criteria; both conditions are preconditions to consideration.
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