Eligibility for approved intermediary: certificate of registration required; Board must assess net worth and infrastructure adequacy. Acting as an approved intermediary under the Securities Lending Scheme, 1997 requires a certificate of registration from the Board; the Board grants certificates after assessing a prescribed net worth requirement (with a special provision for clearing houses or clearing corporations subject to Board-specified net worth after consultation with the stock exchange) and reviewing adequacy of infrastructure including office space, equipment and experienced manpower to discharge securities-related activities.
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.
Eligibility for approved intermediary: certificate of registration required; Board must assess net worth and infrastructure adequacy.
Acting as an approved intermediary under the Securities Lending Scheme, 1997 requires a certificate of registration from the Board; the Board grants certificates after assessing a prescribed net worth requirement (with a special provision for clearing houses or clearing corporations subject to Board-specified net worth after consultation with the stock exchange) and reviewing adequacy of infrastructure including office space, equipment and experienced manpower to discharge securities-related activities.
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