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Consideration of application for grant of certificate of commencement of business

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Full Text of the Document

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....icate of commencement of business, all matters which are relevant to the efficient and orderly functioning of the depository and in particular, the following, namely, whether- (a) the depository has a net worth of not less than rupees one hundred crores; (b) the bye-laws of the depository have been approved by the Board; (c) the automatic data processing systems of the depository have been p....

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Full Text of the Document

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....s is controlled, monitored and recorded; (g) the depository has a detailed operations manual explaining all aspects of its functioning, including the interface and method of transmission of information between the depository, issuers, issuers' agents, participants and beneficial owners; (h) the depository has established adequate procedures and facilities to ensure that its records are protect....

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