Regulation 58B - Appointment of compliance officer
Securities And Exchange Board of India (Depositories And Participants) Regulations, 1996 Chapter V RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS, MANNER OF SURRENDER OF CERTIFICATE OF SECURITY AND CREATION OF PLEDGE OR HYPOTHECATION
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Compliance officer appointment ensures monitoring of regulatory compliance and independent reporting of observed non compliance and investor grievance redressal. Every depository and participant must appoint a compliance officer responsible for monitoring compliance with the Act, rules, regulations, notifications, ... Summary
Compliance officer appointment ensures monitoring of regulatory compliance and independent reporting of observed non compliance and investor grievance redressal.
Every depository and participant must appoint a compliance officer responsible for monitoring compliance with the Act, rules, regulations, notifications, guidelines and instructions issued by the Board or the Central Government and for redressal of investor grievances; the compliance officer must immediately and independently report any observed non-compliance to the Board.
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