Question

Anyone who wants to be a Depository Participant needs to

Q: Answer-Anyone who wants to be a Depository Participant needs to be registered with:

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

be registered with:

A Depository Act, 1996

B SEBI ACT, 1992

C RBI Act 1934

D Both a and c

E Both a and b

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Anyone who wants to be a Depository Participant needs to

Solution