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      Question

      The rights and obligations of the depositories,

      participants and the issuers whose securities are dealt with by a depository shall be specified by
      A The rules Correct Answer Incorrect Answer
      B The regulations Correct Answer Incorrect Answer
      C The orders of SEBI Correct Answer Incorrect Answer
      D The bye- laws Correct Answer Incorrect Answer
      E The directions of Central Government Correct Answer Incorrect Answer

      Solution

      Section 17 of Depositories Act Rights and obligations of depositories, etcβ€”(1) Subject to the provisions of this Act, the right and obligations of the depositories, participants and the issuers whose securities are dealt with by a depository shall be specified by the regulations. (2) The eligibility criteria for admission of securities into the depository shall be specified by the regulations.

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