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      Question

      Who acts as agent of

      Depository?
      A Depository Participant Correct Answer Incorrect Answer
      B Issuer Correct Answer Incorrect Answer
      C Stock Exchange Correct Answer Incorrect Answer
      D Investor Correct Answer Incorrect Answer
      E SEBI Correct Answer Incorrect Answer

      Solution

      Section 4 of Depositories Act Agreement between depository and participant—(1) A depository shall enter into an agreement with one or more participants as its agent. (2) Every agreement under sub-section (1) shall be in such form as may be specified by the bye-laws.

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