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      Question

      According to the Depositories Act no depository shall

      act as a depository unless it obtains a certificate of commencement of business from the_______________________
      A SEBI Correct Answer Incorrect Answer
      B Controlling officer Correct Answer Incorrect Answer
      C Adjudicating officer Correct Answer Incorrect Answer
      D Central Government Correct Answer Incorrect Answer
      E Board of Directors Correct Answer Incorrect Answer

      Solution

      Section 3. Certificate of commencement of business by depositories: (1) No depository shall act as a depository unless it obtains a certificate of commencement of business from the Board.

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