The minimum net worth stipulated by SEBI, required for a depository in India is ________.
The minimum net worth stipulated by SEBI, required for a depository in India is ________.
1). Rs. 50 crores
2). Rs. 100 crores
3). Rs. 150 crores
4). Rs. 200 crores
1 answers
- A Depository is an organization that holds all kinds of securities in the electronic format at the request of the investor through a registered depository participant.
- The minimum net worth required for a depository in India is Rs 100 crores.
- There are two registered depositories in India at present - National Securities Depository Limited and Central Depository Services Limited.
Other Questions
1. Liberalised Remittance Scheme was introduced by RBI under FEMA 1999 in which of the following year?
2. Which of the following are promoters of National Securities Depositories Limited (NSDL)?
3. What is the name of the measurement index of Bombay Stock Exchange?
4. Foreign Exchange Management Act replaced FERA in which of the following year?
6. Why is SEBI known as a quasi-legislative organization?
7. Which of the following appoints the chairman of SEBI?
8. In which year was the Securities Exchange Board of India Act given statutory powers?
9. Under whose recommendation was the National Stock Exchanges Set up?
10. Who among the following is known as an issuer of a security?