Custodian registration: certificate follows application and fee; specific asset custodial services require prior Board approval. The Board, after verifying eligibility and particulars, intimates qualified applicants who must then pay the prescribed registration fee; upon receipt of the fee the Board issues a certificate of registration in the prescribed form. The Board may restrict the certificate to specific asset classes, and existing custodians may extend services in certain asset categories only with prior Board approval.
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.
Custodian registration: certificate follows application and fee; specific asset custodial services require prior Board approval.
The Board, after verifying eligibility and particulars, intimates qualified applicants who must then pay the prescribed registration fee; upon receipt of the fee the Board issues a certificate of registration in the prescribed form. The Board may restrict the certificate to specific asset classes, and existing custodians may extend services in certain asset categories only with prior Board approval.
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