Chapter V - RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS, MANNER OF SURRENDER OF CERTIFICATE OF SECURITY AND CREATION OF PLEDGE OR HYPOTHECATION (From Regulation 26 to Regulation 58C)
Fit and proper requirement: depositories and related persons must meet fitness criteria and the Board's decision is final. Regulation 6A requires every depository, its sponsor, shareholder, participant, and relevant directors and key management personnel to satisfy the fit and proper criteria at all times; the Board may apply the criteria in Schedule II of the SEBI (Intermediaries) Regulations, 2008 to determine fitness, and the Board's decision on such questions is final.
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.
Fit and proper requirement: depositories and related persons must meet fitness criteria and the Board's decision is final.
Regulation 6A requires every depository, its sponsor, shareholder, participant, and relevant directors and key management personnel to satisfy the fit and proper criteria at all times; the Board may apply the criteria in Schedule II of the SEBI (Intermediaries) Regulations, 2008 to determine fitness, and the Board's decision on such questions is final.
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