Question
What must a depository obtain from the Board before it
can act as a depository as per the Depositories Act?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. 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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