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)
Participant eligibility criteria emphasize institutional category, infrastructure, fit and proper status, and investor interest for registration. Regulation 19 requires SEBI to consider, for grant of a certificate of initial registration, whether an applicant belongs to specified institutional categories and meets quantitative eligibility conditions such as minimum net worth and portfolio limits for stock brokers and registrars, subject to stated exceptions. The Board must also verify that the applicant is eligible for admission by the relevant depository, possesses adequate infrastructure, systems, safeguards and trained staff, is a fit and proper person, 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.
Participant eligibility criteria emphasize institutional category, infrastructure, fit and proper status, and investor interest for registration.
Regulation 19 requires SEBI to consider, for grant of a certificate of initial registration, whether an applicant belongs to specified institutional categories and meets quantitative eligibility conditions such as minimum net worth and portfolio limits for stock brokers and registrars, subject to stated exceptions. The Board must also verify that the applicant is eligible for admission by the relevant depository, possesses adequate infrastructure, systems, safeguards and trained staff, is a fit and proper person, and that registration is in the interests of investors.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
