New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Every person subscribing to securities offered by an

    issuer shall
    A Compulsorily hold securities with a depository Correct Answer Incorrect Answer
    B Receive security certificates Correct Answer Incorrect Answer
    C Compulsorily hold securities with a depository and receive security certificates Correct Answer Incorrect Answer
    D have the option either to receive the security certificates or hold securities with a depository Correct Answer Incorrect Answer
    E have the security certificates and hold securities with a depository as well Correct Answer Incorrect Answer

    Solution

    Section 8 of Depository Act - Options to receive security certificate or hold securities with depository— (1) Every person subscribing to securities offered by an issuer shall have the option either to receive the security certificates or hold securities with a depository. (2) Where a person opts to hold a security with a depository, the issuer shall intimate such depository the details of allotment of the security, and on receipt of such information the depository shall enter in its records the name of the allottee as the beneficial owner of that security

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