πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!


    ⚑ Month End Offer - Flat 52% Off On All Courses! Enroll Now ⚑
    00:00:00 AM Left

    Question

    Anyone who wants to be a Depository Participant needs to

    be registered with:
    A Depository Act, 1996 Correct Answer Incorrect Answer
    B SEBI ACT, 1992 Correct Answer Incorrect Answer
    C RBI Act 1934 Correct Answer Incorrect Answer
    D Both a and c Correct Answer Incorrect Answer
    E Both a and b Correct Answer Incorrect Answer

    Solution

    Depositories Act, 1996 defines a DP as a person registered under Section 12 of the Securities Exchange Board of India (β€˜SEBI’) Act, 1992. Section 12 of the SEBI Act states that no DP shall buy, sell or deal in securities unless registered with SEBI.

    Practice Next
    ask-question