Capital adequacy requirement for a custodian of securities is
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The ‘capital adequacy’ requirement for a ‘custodian of securities’ is fifty crores.
Explanation:
- The ‘Sebi controls markets’ and allows the custodial services in the markets that allow the investors and institutions for the ‘custodian of securities’.
- The custodian of securities allows the ‘safekeeping of securities’ like gold, or other financial related instruments.
- As per the recent information the custodians are needed to pay an annual fee of Rs.5,00,000 to be paid every month for a period of twelve months.
- The custodians are needed to ‘fulfill the capital requirements’ of the net worth of Rs.50 crores.
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