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What compliances need to be fulfilled to provide depository services in India?
Any company or other institution can provide depository services provided it has fulfilled the following conditions:
- It has been formed and registered as a company under the Companies Act, 2013.
- It has been registered with SEBI as a depository under the SEBI Act, 1992.
- It has framed by-laws with the previous approval...
Wazzeer Professional Network
ProfessionalWhat compliances need to be fulfilled to provide depository services in India?
-
Wazzeer Professional Network
ProfessionalAny company or other institution can provide depository services provided it has fulfilled the following conditions:
- It has been formed and registered as a company under the Companies Act, 2013.
- It has been registered with SEBI as a depository under the SEBI Act, 1992.
- It has framed by-laws with the previous approval of SEBI.
- It has appointed one or more participants to render depository services on its behalf.
- It has established adequate systems and safeguards to prevent manipulation of records and transactions, to the satisfaction of SEBI.
- It complies with Depositories Act, 1996 and SEBI (Depositories and Participants) Regulations, 1996.
- It meets the eligibility criteria in terms of the constitution, network, etc.
over 3 years ago
View answer
What compliances need to be fulfilled to provide depository services in India?
-
Wazzeer Professional Network
ProfessionalAny company or other institution can provide depository services provided it has fulfilled the following conditions:
- It has been formed and registered as a company under the Companies Act, 2013.
- It has been registered with SEBI as a depository under the SEBI Act, 1992.
- It has framed by-laws with the previous approval of SEBI.
- It has appointed one or more participants to render depository services on its behalf.
- It has established adequate systems and safeguards to prevent manipulation of records and transactions, to the satisfaction of SEBI.
- It complies with Depositories Act, 1996 and SEBI (Depositories and Participants) Regulations, 1996.
- It meets the eligibility criteria in terms of the constitution, network, etc.
over 3 years ago
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