https://www.taxtmi.com/acts?id=35151 Custodians must maintain a net worth equal to the prescribed minimum-defined as paid-up capital plus free reserves-and must do so separately and independently of any activity-specific capital adequacy requirements. Transitional provisions allow previously approved custodians to continue operating despite shortfalls, provided they raise net worth to the required level within the Board-specified period (subject to extension). Applicants are permitted a short period after receipt of their registration certificate to meet capital adequacy obligations. en-us Thu, 17 Jan 2019 09:50:53 +0530 Wed, 24 Sep 2025 11:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35151 Custodians must maintain a net worth equal to the prescribed minimum-defined as paid-up capital plus free reserves-and must do so separately and independently of any activity-specific capital adequacy requirements. Transitional provisions allow previously approved custodians to continue operating despite shortfalls, provided they raise net worth to the required level within the Board-specified period (subject to extension). Applicants are permitted a short period after receipt of their registration certificate to meet capital adequacy obligations. Act-Rules SEBI Thu, 17 Jan 2019 09:50:53 +0530 https://www.taxtmi.com/acts?id=35151