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    Question

    Who acts as agent of

    Depository?
    A Depository Participant Correct Answer Incorrect Answer
    B Issuer Correct Answer Incorrect Answer
    C Stock Exchange Correct Answer Incorrect Answer
    D Investor Correct Answer Incorrect Answer
    E SEBI Correct Answer Incorrect Answer

    Solution

    Section 4 of Depositories Act Agreement between depository and participant—(1) A depository shall enter into an agreement with one or more participants as its agent. (2) Every agreement under sub-section (1) shall be in such form as may be specified by the bye-laws.

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