Deposit

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....(3) Such deposit shall be marked as lien in favour of a body or body corporate recognised by the Board for the purpose of administration and supervision of research analysts in accordance with regulation 14 of these regulations: Provided that the deposit shall be available for utilization in case the research analyst fails to pay the dues emanating out of arbitration and concilia....

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....ese regulations. Explanation. ─ For the purposes of this regulation, "networth" means the aggregate value of paid up share capital plus free reserves (excluding reserves created out of revaluation) reduced by the aggregate value of accumulated losses." 2.  Substituted vide F. No. SEBI/LAD-NRO/GN/2025/252 dated 04-08-2025 before it was read as,  "(2) ....