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    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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