Vault manager registration eligibility requires Indian incorporation, financial capacity, secure bullion infrastructure, insurance, and comprehensive operating procedures. Eligibility for registration as a vault manager requires an Indian-incorporated body corporate, prescribed minimum net worth, refundable Financial ... Summary
Vault manager registration eligibility requires Indian incorporation, financial capacity, secure bullion infrastructure, insurance, and comprehensive operating procedures.
Eligibility for registration as a vault manager requires an Indian-incorporated body corporate, prescribed minimum net worth, refundable Financial Security Deposit, secure bullion infrastructure and adequate insurance. Recognised vaults must maintain Standard Operating Procedures for bullion handling, Electronic Bullion Receipts, depositor verification, security, loss management, record maintenance, physical bullion reconciliation, grievance redressal, and adequate technological capability.
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