As per the provisions of this Act, a DP can offer depository-related services only after obtaining a certificate of registration from SEBI.
50 lakh for stockbrokers, R&T agents and non-banking finance companies (NBFC), for granting them a certificate of registration to act as DPs.
Depository is an institution or a kind of organization which holds securities with it in De-Mat form, in which trading is done among shares, debentures, mutual funds, derivatives, F&O and commodities.
Standard Agreements are to be signed by the Client and the DP, which details the rights and obligations of both parties.
In case of corporate clients, additional attachments required are - true copy of the resolution for Demat a/c opening along with signatories to operate the account and true copy of the Memorandum and Articles of Association is to be attached.