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SEBI relaxes norms relating to custodial services

March 25, 2019
SEBI has amended SEBI (Custodian) Regulations, 1996. ‘Rule 9A – relating to period of validity of certificate for custodian’ has been substituted providing that ‘every certificate granted under 8(3) shall be valid unless it is suspended or cancelled by the Board. Earlier, the validity period of certificate was 3 year. Also, ‘Rule 9B – relating to renewal of certificate’ has been omitted. Schedule II has also been amended.
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