SCHEDULE - 01 (FORM C) - Application for grant of certificate of commencement of business as depository - Securities And Exchange Board of India (Depositories And Participants) Regulations, 1996

FORM C Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996 [See regulation 10] Application for grant of certificate of commencement of business as depository Securities and Exchange Board of India, Mittal Court, B Wing, 1st Floor Nariman Point, Mumbai 400021 India INSTRUCTIONS i. This form is meant for use by a depository granted a certificate of registration by the Securities and Exchange Board of India. ii. The applicant should complete this form, and submit it, along with all supporting documents to the Board at its head office at Mumbai. iii. This application form should be filled in accordance with the regulations. iv. Application for grant of certificate of commencement of business will be considered provided it is complete in all respects. v. All answers must be typed. vi. Information which needs to be supplied in more detail may be given on separate sheets which should be attached to the application form. vii. The application must be signed and all signatures must be original. viii. Every page of the form and every additional sheet must be initialledby the authorised signatory of the applicant. ix. All copies of documents should be attested as true by an authorised notary. 1. Name and registration number of the applicant. 2. Date of grant of certificate of registration to the applicant. 3. Please indicate whether bye-laws have been approved by SEBI. 4. Please indicate the details of staff and organisation structure that has been set-up. 5. Please indicate the background and experience of key personnel. 6. Internal evaluation and monitoring systems including details of background and experience of personnel involved that have been set-up (enclose copies of risk management and operations manuals). 7. Please provide the following details of the automatic data processing and communications systems : (a) details of hardware, software and communications systems, their capability, function and location; (b) details of data storage and back up procedures and sites, their capability, function and location; (c) details of disaster recovery systems and procedures. 8. Please indicate whether premises and automatic data processing and communications systems are owned, leased or rented (enclose copies of title lease or rental agreements). 9. Please indicate arrangements that have been put in place in order to indemnify beneficial owners. 10. Please enclose copy of insurance cover that has been taken. 11. Please enclose a copy of the participation agreement to be entered into with different categories of participants. 12. Please enclose a copy of the agreement to be entered into with the issuer, or with the issuer and his registrar. 13. Please enclose a copy of the agreement to be entered into between the participant, as the depository s agent, and the beneficial owners. 14. Declaration statement (to be given as below) : We hereby agree and declare that the information supplied in the application, including the attachment sheets, is complete and true. And we further agree that, we will notify the Securities and Exchange Board of India immediately of any change in the information provided in the application. We further agree that we shall comply with, and be bound by the Securities and Exchange Board of India Act, 1992, and the Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996, and such other guidelines/instructions which may be announced by the Securities and Exchange Board of India from time to time. We further agree that as a condition of registration, we shall abide by such operational instructions/directives as may be issued by the Securities and Exchange Board of India from time to time. For and on behalf of.................................................................................................................. (Name of the applicant) Authorised signatory.................. (Name) .......................... (Signature) Date: Place: