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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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