A depository should be registered with SEBI and required to be a company under which of the following acts?
A depository should be registered with SEBI and required to be a company under which of the following acts?
1). SEBI Act, 1992
2). Companies Act, 1956
3). Depositories Act, 1996
4). Negotiable Instruments Act,1881
1 answers
- A depository is used to hold securities in dematerialized or electronic form.
- The Depositories Act, 1996 provides the legislative framework for the transfer of securities in a depository.
- It clearly states that a depository must be registered with SEBI and it must be a company under the Companies Act, 1956.
Other Questions
2. Securities include which of the following?
3. Which of the following appoints the chairman of SEBI?
5. Who among the following can operate as a Depository Participant in India?
6. Capital Marketing is used for borrowing and leanding of money ________1 year.
7. Liberalised Remittance Scheme was introduced by RBI under FEMA 1999 in which of the following year?
8. What is the correct description of ADR American Depository Receipt?
9. In which year was the National Stock Exchange (NSE) established?
10. The Securities Contract (Regulations) Act 1956 is not applicable to which among the following?