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Consideration of application for grant of certificate of commencement of business.

ard shall take into account for considering grant of certificate of commencement of business, all matters which are relevant to the efficient and orderly functioning of the depository and in particular, the following, namely, whether- (a) the depository has a net worth of not less than rupees one hundred crores; (b) the bye-laws of the depository have been approved by the Board; (c) the automatic .....

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ory, participants, issuers and issuers agents is controlled, monitored and recorded; (g) the depository has a detailed operations manual explaining all aspects of its functioning, including the interface and method of transmission of information between the depository, issuers, issuers agents, participants and beneficial owners; (h) the depository has established adequate procedures and facilities .....

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