SEBI has powers to register and regulate all market intermediaries in the securities market and also to penalise them.

DP has to be registered with

As per PMLA, records of services need to be preserved for 5 years.

After Depository receives an application for registering as a DP, it evaluates and forwards the application to SEBI within 30 days

For registering as a DP, the application should be submitted to Depository, who will in turn forward it to ______ after evaluation.

The Rights and Obligation Document is a standard document approved by SEBI.

Only a guardian can open a depository account for a minor.

The client should receive the physical securities within 30 days of request for remat of securities.

Transfer due to a transaction done on a person to person basis is called Off Market.

Only those securities whose ISIN has been activated by the depository, can be dematerialised in the depository system.