Regulatory Alerts2025-09-23
Securities and Exchange Board of India (Custodian) Regulations, 1996
The Securities and Exchange Board of India mandates that any entity providing custodial services for securities, goods, gold, silver, or real estate assets must obtain a certificate of registration. The regulations establish strict eligibility criteria, including a minimum net worth of seventy-five crores rupees and fit and proper person standards, while outlining detailed application procedures and required infrastructure. Furthermore, the framework imposes comprehensive operational obligations on custodians regarding segregation of assets, internal controls, record-keeping, and compliance with inspection and audit requirements.
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