Acting as participant in more than one depository requires depository approval, registration fees and separate annual payments. A registered participant may act as a participant of another depository with that depository's approval following an application as specified by the Board; the depository, on satisfaction of compliance and eligibility requirements, shall grant approval subject to payment of registration fees specified in Part A of the Second Schedule in the manner in Part B within fifteen days of intimation, and must inform the Board. Approved participants must pay separate annual fees specified in Part A of the Second Schedule and pay registration fees every five years from the sixth year to keep registration in force.
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Provisions expressly mentioned in the judgment/order text.
Acting as participant in more than one depository requires depository approval, registration fees and separate annual payments.
A registered participant may act as a participant of another depository with that depository's approval following an application as specified by the Board; the depository, on satisfaction of compliance and eligibility requirements, shall grant approval subject to payment of registration fees specified in Part A of the Second Schedule in the manner in Part B within fifteen days of intimation, and must inform the Board. Approved participants must pay separate annual fees specified in Part A of the Second Schedule and pay registration fees every five years from the sixth year to keep registration in force.
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