Question

Study the following case/situation and express your opinion.

Mr. Jatin is a practising Company Secretary offering advisory services to companies, institutions, etc. on corporate laws including Companies Act. He has received a few queries from his clients. Please assist Mr. Jatin in answering them:

1. BDI Bank wants to offer Depositary Participant (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 Company Ltd. wants to issue an IPO. Should it get itself registered with SEBI?

Answer 1

1. BDI Bank must approach SEBI to obtain registration as a Depository Participant (DP).
2. KM Financial, intending to provide Debenture Trustee services, should apply to SEBI for registration.
3. TT Co. Ltd. is not required to register with SEBI before issuing an IPO.