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        SEBI

        Regulation 20AB - Acting as participant in more than one depository.

        Securities And Exchange Board of India (Depositories And Participants) Regulations, 1996
        Chapter IV
        REGISTRATION OF PARTICIPANT

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        Acting as participant in more than one depository requires depository approval and separate fee and annual obligations. Acting as participant in more than one depository requires approval from the other depository after an application in the Board specified manner; the depository grants approval only upon satisfaction with regulatory compliance and eligibility, informs the Board of approval, and the participant must pay registration and separate annual fees for each depository and periodic renewal fees from the sixth year.
                          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.

                                Acting as participant in more than one depository requires depository approval and separate fee and annual obligations.

                                Acting as participant in more than one depository requires approval from the other depository after an application in the Board specified manner; the depository grants approval only upon satisfaction with regulatory compliance and eligibility, informs the Board of approval, and the participant must pay registration and separate annual fees for each depository and periodic renewal fees from the sixth year.


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