Application for approval to act as designated depository participant

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Full Text of the Document

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.... 11. (1) No person shall act as designated depository participant unless it has obtained the approval of the Board: Provided that a custodian of securities which is registered with the Board as on the date of commencement of these regulations, shall be deemed to have been granted approval as designated depository participant subject to the payment of fees as specified in Part B of Secon....