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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