Eligibility for acquiring or holding shares in a depository

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..... a fit and proper person. The depository shall ensure that all its shareholders are fit and proper persons: Provided that such a requirement to ensure that all its shareholders are fit and proper persons shall not be applicable to a 1 [ ***** ] depository for shareholding of a person who directly or indirectly, acquires or holds less than two percent equity shares or voting rights of such 1 [ ***** .....

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..... f the paid up equity share capital in a depository shall file a declaration within fifteen days from the end of every financial year to the depository that he complies with the fit and proper criteria. *************** NOTES:- 1. Omitted vide Notification No. SEBI/LAD-NRO/GN/2021/43. Dated 13-08-2021 before it was read as: listed 2. Omitted vide Notification No. SEBI/LAD-NRO/GN/2021/43. Dated 13-08 .....

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