https://www.taxtmi.com/article/detailed?id=12154 A custodian is a body corporate providing safekeeping and incidental services for client securities, goods and related instruments; registration requires prescribed applications, fees and certified asset statements. Eligibility hinges on net worth, infrastructure, approvals, competent staff, documented systems, fitness and absence of disqualifying conduct. Certificates are conditional on capital fulfilment, Board approval for control changes, compliance with law, client agreements, annual fees and timely correction of false information. Custodians must segregate custodial services, maintain separate client accounts and records, appoint a compliance officer, permit Board inspections and audits, retain responsibility where functions are delegated, and resolve disputes through prescribed mechanisms. en-us Thu, 21 Dec 2023 09:34:17 +0530 Thu, 21 Dec 2023 09:34:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12154 A custodian is a body corporate providing safekeeping and incidental services for client securities, goods and related instruments; registration requires prescribed applications, fees and certified asset statements. Eligibility hinges on net worth, infrastructure, approvals, competent staff, documented systems, fitness and absence of disqualifying conduct. Certificates are conditional on capital fulfilment, Board approval for control changes, compliance with law, client agreements, annual fees and timely correction of false information. Custodians must segregate custodial services, maintain separate client accounts and records, appoint a compliance officer, permit Board inspections and audits, retain responsibility where functions are delegated, and resolve disputes through prescribed mechanisms. Articles Corporate Laws / IBC / SEBI Thu, 21 Dec 2023 09:34:17 +0530 https://www.taxtmi.com/article/detailed?id=12154