📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      What is the requirement for a person to acquire or hold

      more than five percent of the paid-up equity share capital of a depository, as mentioned in Regulation 22 (3) of Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018?
      A Obtain approval from the Central Government Correct Answer Incorrect Answer
      B Obtain prior approval from the Board Correct Answer Incorrect Answer
      C Hold less than two percent equity shares or voting rights Correct Answer Incorrect Answer
      D Have a direct association with the depository Correct Answer Incorrect Answer
      E Fulfill certain financial criteria Correct Answer Incorrect Answer

      Solution

      As per Reg 22- (3) Any person eligible to acquire or hold more than five percent of the paid up equity share capital under sub-regulation (1) and sub-regulation (2) of regulation 21 may acquire or hold more than five percent of the paid up equity share capital of a depository only if the person has obtained prior approval of the Board.

      Practice Next
      More Administrative Interpretation and Maxims Questions
      ask-question