Capital requirement

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..... on net worth means the paid-up capital and the free reserves as on the date of the application. (2) Notwithstanding anything contained in sub-regulation (1) any 2 [ custodian ] which (a) has been approved by the Board under the provisions of Securities and Exchange Board of India (Mutual Fund) Regulations, 1993, or the Securities and Exchange Board of India (Foreign Institutional Investors) Regula .....

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