Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Applicants Must Register and Meet Rs. 50 Crore Net Worth to Act as Intermediaries in Securities Lending Scheme 1997.</h1> No person can act as an approved intermediary under the Securities Lending Scheme, 1997, without obtaining a certificate of registration from the Board. To be eligible for this certificate, the applicant must have a minimum net worth of Rs. 50 crores. If the applicant is a clearing house or corporation, it must meet the net worth requirements set by the Board in consultation with the stock exchange. Additionally, the applicant must possess adequate infrastructure, including office space, equipment, and experienced manpower, to effectively manage securities activities.
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