RIGHTS AND OBLIGATIONS OF BULLION DEPOSITORIES, PARTICIPANTS AND BENEFICIAL OWNERSInternational Financial Services Centres Authority (Bullion Market) Regulations, 2025
RIGHTS AND OBLIGATIONS OF BULLION DEPOSITORIES, PARTICIPANTS AND BENEFICIAL OWNERSInternational Financial Services Centres Authority (Bullion Market) Regulations, 2025
Bullion depository receipt creation requires depositor and beneficial owner accounts, with dematerialised issuance after bullion receipt and documents. Every depositor and beneficial owner must maintain an account with the bullion depository. After receiving bullion from a depositor and completion of ... Summary
Bullion depository receipt creation requires depositor and beneficial owner accounts, with dematerialised issuance after bullion receipt and documents.
Every depositor and beneficial owner must maintain an account with the bullion depository. After receiving bullion from a depositor and completion of requisite documentation, the bullion depository must create and manage a bullion depository receipt in the depositor's name. The receipt is to be issued in dematerialised form in the manner specified by the Authority.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.