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)
Networth maintenance requirement: depositories must maintain prescribed networth, file an annual audited networth certificate and submit audited accounts after AGM. Depositories must at all times maintain the prescribed networth and obtain an annual audited networth certificate from the statutory auditor for the preceding financial year; networth is defined as paid up equity share capital plus free reserves (with specified exclusions) less investments, accumulated losses and deferred or miscellaneous expenditures not written off. Depositories must also furnish the Board with their audited balance sheet and profit and loss account for the preceding financial year within the regulatory period after the annual general meeting.
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.
Networth maintenance requirement: depositories must maintain prescribed networth, file an annual audited networth certificate and submit audited accounts after AGM.
Depositories must at all times maintain the prescribed networth and obtain an annual audited networth certificate from the statutory auditor for the preceding financial year; networth is defined as paid up equity share capital plus free reserves (with specified exclusions) less investments, accumulated losses and deferred or miscellaneous expenditures not written off. Depositories must also furnish the Board with their audited balance sheet and profit and loss account for the preceding financial year within the regulatory period after the annual general meeting.
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