Online registration for Custodian of Securities now mandatory; applications and DDP approvals must be filed via the SEBI portal. Applicants seeking registration as a Custodian of Securities and those seeking approval as Designated Depository Participant must submit their applications exclusively through the SEBI Intermediary Portal, which is operational with immediate effect; the circular provides the portal URL and contact channels for queries and frames the measure as issued under SEBI's statutory powers to protect investors and regulate the securities market.
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Provisions expressly mentioned in the judgment/order text.
Online registration for Custodian of Securities now mandatory; applications and DDP approvals must be filed via the SEBI portal.
Applicants seeking registration as a Custodian of Securities and those seeking approval as Designated Depository Participant must submit their applications exclusively through the SEBI Intermediary Portal, which is operational with immediate effect; the circular provides the portal URL and contact channels for queries and frames the measure as issued under SEBI's statutory powers to protect investors and regulate the securities market.
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