Regulation 17 - Deposit of gold into the vault(s) - Securities and Exchange Board of India (Vault Managers) Regulations, 2021

CHAPTER IV ELECTRONIC GOLD RECEIPTS Deposit of gold into the vault(s) 17. (1) Any person desirous of creating Electronic Gold Receipts shall place a request for the deposit of the gold with the Vault Manager registered with the Board. (2) The Vault Manager or any person authorized in this behalf, shall ensure compliance with the gold standard, weigh the gold bars and check necessary documentation at the time of deposit of gold. (3) The Vault Manager or any person authorized in this behalf shall ensure that the gold is deposited only through an accredited refinery or a nominated agency. (4) The Vault Manager or any person authorized in this behalf shall ensure that at the time of the deposit, it has furnished acknowledgement receipt to the depositor and has collected appropriate documentation to ensure that the gold is traceable.