Question

Who grants certificate of commencement of business to a depository?

A SEBI Correct Answer Incorrect Answer
B Stock Exchange Correct Answer Incorrect Answer
C Central Government Correct Answer Incorrect Answer
D State Government Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

Section 3 of Depository Act - No depository shall act as a depository unless it obtains a certificate of commencement of business from the Board.

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