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Eligibility criteria of designated depository participant
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....nless the applicant satisfies the following conditions, (a) the applicant is a registered depository participant under the Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996; (b) the applicant is a registered Custodian under the Securities and Exchange Board of India (Custodian) Regulations, 1996; (c) the applicant is an Authorised Dealer Category-1 bank....