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)
Certificate of commencement of business for depositories requires operational, governance and systems compliance before business can begin. Application for grant of a certificate of commencement of business requires SEBI approved bye laws, organisation and personnel details, internal monitoring and risk management manuals, disclosure of IT systems, data storage and disaster recovery arrangements, proof of premises status, indemnity arrangements for beneficial owners, insurance cover, and copies of participation and issuer and participant beneficial owner agreements, together with a declaration to notify SEBI of changes and to comply with the SEBI Act, the Depositories Regulations and SEBI operational instructions.
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.
Certificate of commencement of business for depositories requires operational, governance and systems compliance before business can begin.
Application for grant of a certificate of commencement of business requires SEBI approved bye laws, organisation and personnel details, internal monitoring and risk management manuals, disclosure of IT systems, data storage and disaster recovery arrangements, proof of premises status, indemnity arrangements for beneficial owners, insurance cover, and copies of participation and issuer and participant beneficial owner agreements, together with a declaration to notify SEBI of changes and to comply with the SEBI Act, the Depositories Regulations and SEBI operational instructions.
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