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    Question

    Which of the following is not considered a function of a

    depository in India under SEBI regulations?
    A Holding securities in dematerialized form Correct Answer Incorrect Answer
    B Facilitating transfer of securities Correct Answer Incorrect Answer
    C Providing loans to investors against securities Correct Answer Incorrect Answer
    D Enabling settlement of trades in stock exchanges Correct Answer Incorrect Answer
    E Keeping records of beneficial ownership Correct Answer Incorrect Answer

    Solution

    Depositories like NSDL and CDSL hold and transfer securities electronically. Lending against securities is a function of banks or NBFCs, not depositories.

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