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    Question

    According to the Depositories Act no depository shall

    act as a depository unless it obtains a certificate of commencement of business from the_______________________
    A SEBI Correct Answer Incorrect Answer
    B Controlling officer Correct Answer Incorrect Answer
    C Adjudicating officer Correct Answer Incorrect Answer
    D Central Government Correct Answer Incorrect Answer
    E Board of Directors Correct Answer Incorrect Answer

    Solution

    Section 3. Certificate of commencement of business by depositories: (1) No depository shall act as a depository unless it obtains a certificate of commencement of business from the Board.

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