๐Ÿ“ข Too many exams? Donโ€™t know which one suits you best? Book Your Free Expert ๐Ÿ‘‰ call Now!

    Question

    All securities held by a depository

    A shall be dematerialized. Correct Answer Incorrect Answer
    B shall be dematerialised and shall be in a fungible form. Correct Answer Incorrect Answer
    C Shall be in fungible form Correct Answer Incorrect Answer
    D Shall not be dematerialized but will be in fungible form Correct Answer Incorrect Answer
    E Shall be dematerialized but shall not be in fungible form Correct Answer Incorrect Answer

    Solution

    Section 9 of Depository Act - Securities in depositories to be in fungible form. 9. (1) All securities held by a depository shall be dematerialised and shall be in a fungible form.

    Practice Next
    More Securities Laws and Acts Questions

    Relevant for Exams:

    ask-question