Regulation 17 - Agreement with the client - Securities and Exchange Board of India (Custodian) Regulations, 1996

Agreement with the client 17. Every 2 [ custodian ] shall enter into an agreement with each client on whose behalf it is acting as 2 [ custodian ] and every such agreement shall provide for the following matters namely:─ (a) the circumstances under which the 2 [ custodian ] will accept or release securities 3 [ , goods ] 1 [, assets or documents] from the custody account; (b) the circumstances under which the 2 [ custodian ] will accept or release monies from the custody account; (c) the circumstances under which the 2 [ custodian ] will receive rights or entitlements on the securities 4 [ or goods ] of the client; (d) the circumstances and the manner of registration of securities in respect of each client; and (e) details of the insurance, if any, to be provided for by the 2 [ custodian ] . ************* NOTES:- 1 Inserted by the SEBI (Custodian of Securities) (Amendment) Regulations, 2008, w.e.f. 4-7-2008. 2. Substituted vide NOTIFICATION No. SEBI/LAD-NRO/GN/2019/01 dated 01-01-2019 before it was read as custodian of securities 3. Inserted vide NOTIFICATION No. SEBI/LAD-NRO/GN/2019/01 dated 01-01-2019 4. Inserted vide NOTIFICATION No. SEBI/LAD-NRO/GN/2019/01 dated 01-01-2019