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of <h1>Vault Managers Must Interface with Depositories to Create Electronic Gold Receipts Under Regulation 18, Ensuring Accuracy</h1> Regulation 18 of the Securities and Exchange Board of India (Vault Managers) Regulations, 2021 mandates that registered Vault Managers must interface with depositories to create and extinguish Electronic Gold Receipts (EGRs). Upon receiving gold from a depositor, the Vault Manager creates an EGR with specified details such as depositor information, gold particulars, and vault details. The EGR must include an EGR number, depositor details, and charges, among other information. The depository credits the beneficial owner's demat account with the EGRs. Vault Managers must ensure the accuracy of all recorded information during EGR creation.
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