Chapter VII - RIGHTS 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)
Eligibility criteria for depository participants require categorical, infrastructure, and fit-and-proper compliance for registration. Grant of a certificate of registration requires the Board to consider matters relevant to the efficient and orderly functioning of a participant and whether the applicant meets specified requirements: belonging to prescribed institutional categories (with attendant networth and activity provisos), eligibility for admission by the chosen depository, possession of adequate infrastructure, systems, safeguards and trained staff, status as a fit and proper person under the intermediaries regulations, and that registration is in the interests of investors.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Eligibility criteria for depository participants require categorical, infrastructure, and fit-and-proper compliance for registration.
Grant of a certificate of registration requires the Board to consider matters relevant to the efficient and orderly functioning of a participant and whether the applicant meets specified requirements: belonging to prescribed institutional categories (with attendant networth and activity provisos), eligibility for admission by the chosen depository, possession of adequate infrastructure, systems, safeguards and trained staff, status as a fit and proper person under the intermediaries regulations, and that registration is in the interests of investors.
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