πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

      What must a depository obtain from the Board before it

      can act as a depository as per the Depositories Act?
      A A license to operate Correct Answer Incorrect Answer
      B A certificate of incorporation Correct Answer Incorrect Answer
      C A certificate of commencement of business Correct Answer Incorrect Answer
      D A registration certificate Correct Answer Incorrect Answer
      E An approval certificate Correct Answer Incorrect Answer

      Solution

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

      Practice Next
      More Other Laws and Acts Questions
      ask-question