Segregation of activities required for vault managers, ensuring separate storage for gold and other business goods. Vault managers must segregate all vault-related activities from other commercial activities, maintaining separate and distinct operations. This includes earmarking separate physical space for storage of gold for trading as Electronic Gold Receipt and separate storage for goods used in the manager's other businesses to prevent commingling of vault services and non-vault functions.
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.
Segregation of activities required for vault managers, ensuring separate storage for gold and other business goods.
Vault managers must segregate all vault-related activities from other commercial activities, maintaining separate and distinct operations. This includes earmarking separate physical space for storage of gold for trading as Electronic Gold Receipt and separate storage for goods used in the manager's other businesses to prevent commingling of vault services and non-vault functions.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.