Obligations and responsibilities of designated depository participants

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....ory participants under any other regulations, the designated depository participant engaged by an applicant seeking registration as foreign venture capital investor shall: (a) open a dematerialised account for the applicant only after ensuring compliance with all the requirements under Prevention of Money Laundering Act, 2002 (Act No. 15 of 2003) and rules and regulations specified thereu....

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....hall ensure that only registered foreign venture capital investors are allowed to invest in securities market.  (3) The designated depository participant shall maintain segregation of activities such that there is no conflict of interest between the activity of grant of registration to a foreign venture capital investor in the capacity of a designated depository participant and its other a....