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    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 :
    A a person who directly or indirectly, acquires or holds less than five percent equity shares or voting rights of such listed depository Correct Answer Incorrect Answer
    B a person who directly or indirectly, acquires or holds less than two percent equity shares or voting rights of such listed depository Correct Answer Incorrect Answer
    C a person who directly or indirectly, acquires or holds less than fifteen percent equity shares or voting rights of such listed depository Correct Answer Incorrect Answer
    D a person who directly or indirectly, acquires or holds less than ten percent equity shares or voting rights of such listed depository Correct Answer Incorrect Answer
    E a person who directly or indirectly, acquires or holds less than one percent equity shares or voting rights of such listed depository Correct Answer Incorrect Answer

    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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