https://www.taxtmi.com/acts?id=35149 The Board shall, when considering grant of a certificate to act as a custodian, assess whether the applicant meets capital requirements; has necessary infrastructure (office space, vaults for physical securities, computer systems); holds requisite approvals for specified goods, bullion instruments or title deeds; employs competent personnel; and has a complete systems-and-procedures manual including arms length arrangements. The Board must also evaluate refusals/cancellations, litigation involvement, convictions, overall fitness and propriety, and whether grant is in investors' interest; only bodies corporate are eligible applicants. en-us Thu, 17 Jan 2019 09:43:44 +0530 Wed, 24 Sep 2025 11:16:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35149 The Board shall, when considering grant of a certificate to act as a custodian, assess whether the applicant meets capital requirements; has necessary infrastructure (office space, vaults for physical securities, computer systems); holds requisite approvals for specified goods, bullion instruments or title deeds; employs competent personnel; and has a complete systems-and-procedures manual including arms length arrangements. The Board must also evaluate refusals/cancellations, litigation involvement, convictions, overall fitness and propriety, and whether grant is in investors' interest; only bodies corporate are eligible applicants. Act-Rules SEBI Thu, 17 Jan 2019 09:43:44 +0530 https://www.taxtmi.com/acts?id=35149