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    <title>Networth certificate</title>
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    <description>Depositories must at all times maintain the prescribed networth and obtain an annual audited networth certificate from the statutory auditor for the preceding financial year; networth is defined as paid up equity share capital plus free reserves (with specified exclusions) less investments, accumulated losses and deferred or miscellaneous expenditures not written off. Depositories must also furnish the Board with their audited balance sheet and profit and loss account for the preceding financial year within the regulatory period after the annual general meeting.</description>
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      <description>Depositories must at all times maintain the prescribed networth and obtain an annual audited networth certificate from the statutory auditor for the preceding financial year; networth is defined as paid up equity share capital plus free reserves (with specified exclusions) less investments, accumulated losses and deferred or miscellaneous expenditures not written off. Depositories must also furnish the Board with their audited balance sheet and profit and loss account for the preceding financial year within the regulatory period after the annual general meeting.</description>
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