RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS, MANNER OF SURRENDER OF CERTIFICATE OF SECURITY AND CREATION OF PLEDGE OR HYPOTHECATION - Securities And Exchange Board of India (Depositories And Participants) Regulations, 1996
RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS, MANNER OF SURRENDER OF CERTIFICATE OF SECURITY AND CREATION OF PLEDGE OR HYPOTHECATION - Securities And Exchange Board of India (Depositories And Participants) Regulations, 1996
Sponsor eligibility for depository registration requires specified institutional sponsorship and a fit and proper status for applicants. Regulation 6 requires that the Board consider applications for registration only where the sponsor belongs to specified categories-public financial ... Summary
Sponsor eligibility for depository registration requires specified institutional sponsorship and a fit and proper status for applicants.
Regulation 6 requires that the Board consider applications for registration only where the sponsor belongs to specified categories-public financial institutions, scheduled banks, RBI approved foreign banks, recognised stock exchanges, bodies with at least seventy five percent equity held by those institutions, foreign corporates for custodial/clearing services approved by the Central Government, or institutions established abroad approved by the Central Government-and that the applicant/sponsor meets the fit and proper requirement.
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