Question
According to SEBI(DP) Regulations, 2018 No person shall,
directly or indirectly, acquire or hold equity shares or voting rights of a depository unless he is a fit and proper person. This requirement is not applicable to :Solution
No person shall, directly or indirectly, acquire or hold equity shares or voting rights of a depository unless he is a fit and proper person. The depository shall ensure that all its shareholders are fit and proper persons Provided that such a requirement to ensure that all its shareholders are fit and proper persons shall not be applicable to a listed depository for shareholding of a person who directly or indirectly, acquires or holds less than two percent equity shares or voting rights of such listed depository.
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