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Eligibility criteria of designated depository participant

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..... ipant unless the applicant satisfies the following conditions, namely: (a) the applicant is a participant registered with the Board; (b) the applicant is a custodian of securities registered with the Board; (c) the applicant is an Authorized Dealer Category-1 bank authorized by Reserve Bank of India; (d) the applicant has multinational presence either through its branches or through agency relatio .....

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..... cipant, if it is satisfied that it has sufficient experience in providing custodial services and the grant of such approval is in the interest of the development of the securities market: Provided that such global bank shall be registered with the Board as a participant, custodian of securities, and shall have tie up with Authorized Dealer Category-1 bank. - - statute, statutory provisions legis .....

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