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      Question

      According to regulation 32(2) of Securities and

      Exchange Board of India (Depositories and Participants) Regulations, 2018, who certifies that a participant complies with the eligibility criteria and has adequate infrastructure? 
      A The applicant themselves Correct Answer Incorrect Answer
      B The Board Correct Answer Incorrect Answer
      C The depository Correct Answer Incorrect Answer
      D The regulatory authority Correct Answer Incorrect Answer
      E The shareholders Correct Answer Incorrect Answer

      Solution

      As per Reg 32- (2) The depository shall forward to the Board the application in Form F of the First Schedule as early as possible, but not later than thirty days along with its recommendations and certifying that the participant complies with the eligibility criteria including adequate infrastructure as provided for in these regulations and the bye-laws of the depository

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