Question

Study the following case/situation and express your opinion.

Mr. Y is a practising Co. Secretary offering advisory services to companies, institutions, etc. on corporate laws including companies Act. He has received few queries from his clients, please assist Mr. Y in answering them.

1. BDl bank wants to offer DP services. Whom should they approach for registering as DP?
2. KM Financial wants to offer Debenture Trustee services. Where should they apply for getting registered?
3. TT Ltd. Co. wants to issue an IPO. Should it get itself registered with SEBI?

Answer 1

1. For registering as a depository participant (DP), BDI bank has to approach the Securities and Exchange Board of India (SEBI)
2. KM Financial should apply to SEBI for getting registered.
3. SEBI issues rules and regulations to be followed by issuers of securities. Thus, TT Ltd. Co. has to get itself registered with SEBI as it wants to issue an IPO.