Counsel
Ask an expert!
Legal, accounting and compliance advice from qualified professionals.
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.
about 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.
about 3 years ago
Looking to hire a professional from our handpicked community?
Explore our services, submit your request and let us do the rest for you.