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Circular MRD/CIR/2014/4553 of the Securities and Exchange Board of India dated 27th November, 2014 on the custody of securities [C1B-0JT]

As at 7 September 2026. In force. No commencement recorded.

Dates: made 27 November 2014; in force not recorded; ceased none recorded. Gazette: none recorded. Band B.

Synthetic. This instrument, its title, its number and its words are generated by the register, beneath the Act its recital names.

Cite: Circular MRD/CIR/2014/4553 of the Securities and Exchange Board of India dated 27th November, 2014 on the custody of securities, Circular MRD/CIR/2014/4553, 27th November, 2014 [C1B-0JT]. Machine: C1B-0JT.

MRD/CIR/2014/4553

Securities and Exchange Board of India

Mumbai, dated the 27th November, 2014

CIRCULAR

To

All Compliance Officers,

Subject: The custody of securities by custodians of securities under the Securities and Exchange Board of India Act, 1992, regarding.

In exercise of the powers conferred by section 9 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Securities and Exchange Board of India hereby issues the following

1. References have been received seeking clarification on the manner in which section 9 applies to the custody of securities by custodians of securities.

2. The matter has been examined. Every custodian of securities carrying on the custody of securities shall make an application in Form A to the Board within twenty-one days, accompanied by a fee of twenty-five thousand rupees.

3. It is, accordingly, clarified that a separate application shall be made in respect of each place at which the custody of securities is undertaken, and the Board shall dispose of it within twenty-one days of its receipt.

4. Difficulties, if any, in the implementation of this circular may be brought to the notice of the Securities and Exchange Board of India.

(Chief General Manager)

Made under

Recital: "In exercise of the powers conferred by section 9 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Securities and Exchange Board of India hereby issues the following". Names section 9 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) [S1W-XPB]. Vires verified.

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Circular MRD/CIR/2014/4553 of the Securities and Exchange Board of India dated 27th November, 2014 on the custody of securities [C1B-0JT]