https://www.taxtmi.com/acts?id=33312 Granting a certificate of commencement of business requires the Board to verify that the depository meets governance and financial criteria, including a prescribed net worth and Board approved bye laws, and has robust protections for data processing systems, secure continuous electronic networks, standard transmission and encryption formats, controlled access to facilities and data, off site backup arrangements, a detailed operations manual, indemnity arrangements for beneficial owners, and that issuance is in investors' interest; the Board must perform a physical verification of infrastructure and systems before grant. en-us Thu, 20 Dec 2018 15:57:58 +0530 Thu, 08 Aug 2024 18:30:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33312 Granting a certificate of commencement of business requires the Board to verify that the depository meets governance and financial criteria, including a prescribed net worth and Board approved bye laws, and has robust protections for data processing systems, secure continuous electronic networks, standard transmission and encryption formats, controlled access to facilities and data, off site backup arrangements, a detailed operations manual, indemnity arrangements for beneficial owners, and that issuance is in investors' interest; the Board must perform a physical verification of infrastructure and systems before grant. Act-Rules SEBI Thu, 20 Dec 2018 15:57:58 +0530 https://www.taxtmi.com/acts?id=33312