Documents to be Submitted for Application as a “Qualified DP”.

Sr. No. /
Particulars
/ A net worth certificate in the prescribed format duly certified by the Statutory Auditors based on the audited financial statements along with certified copy of such audited financial statements, if the DP wishes to apply on the basis of net worth as on a date which is different than the one submitted to CDSL earlier pursuant to CDSL Bye Laws 5.2.1.4.
Note: SEBI vide its circular No. CIR/IMD/FII&C/4/2012 dated January 25, 2012 has amended the eligibility criteria for a SEBI registered Depository Participant (DP) to act as Qualified DP. As per the revised eligibility criteria, the DP is required to have Net Worth of `50.00 crores or more.
/ Confirmation whether DP is a Clearing Bank or Clearing Member of any of the Clearing Corporations.
/ Details of systems and procedures to ensure compliance with FATF standards, PMLA and SEBI circulars. (To be attached as Annexure-1).
/ Details regarding procedure followed to comply with the following SEBI circulars: (To be attached as Annexure-1(A))
a) SEBI circular dated October 5, 2011 and September 5, 2012 regarding Uniform KYC Requirements.
b) SEBI circular dated December 23, 2011 regarding guidelines in pursuance of the SEBI KYC Registration Agency (KRA) Regulations, 2011 for In-person Verification (IPV).
c) SEBI Circular dated January 13, 2012, January 25, 2012 and June 7, 2012 regarding Investment by Qualified Foreign Investors (QFI) in Indian equity shares and eligibility criteria for Qualified Depository Participant.
/ Declarations in the prescribed format. (Refer Annexure-A).
/ A cheque/ Demand Draft for ` 22,472/- (` 20,000/- plus applicable service tax) favoring Central Depository Services (India) Ltd. towards application processing fee.

Signature of Director/ authorised signatory with stamp

Annexure-A

(To be Provided on the Letterhead of the Applicant DP)

With respect to our application for becoming a “Qualified DP”, we, <Name of the applicant DP>, hereby confirm the following:-

  1. We shall have proper systems and procedures to comply with the Financial Action Task Force (FATF) standards, Prevention of Money Laundering Act, 2002 (PMLA) and SEBI circulars issued from time to time. The details of such systems and procedures are attached as Annexure – 1.
  1. The details of SEBI initiated enquiry / adjudication/ prosecution or any other action against the applicant company or any of its directors along with corrective steps taken are attached as Annexure – 2. OR No enquiry / adjudication/ prosecution or any other action was initiated by SEBI against us or any of our directors.
  1. The details of actions initiated by depository(ies) for deviations observed in inspection along with corrective steps taken are attached as Annexure – 3. OR No action was initiated by depository(ies) for deviations observed in inspection.
  1. We are not registered as a broker OR No dues are payable to SEBI by us or any of our sub-broker(s).
  1. We shall comply with the FATF standards and all requirements of PMLA and SEBI including SEBI circular No. CIR/IMD/DF/14/2011 dated 9/8/2011 and subsequent circulars issued in this regard.

Signature with stamp

Name : < Name of the Director/ Authorized person as per board resolution >

Designation

Date:

Place:

Annexure – 2:

(To be Provided on the Letterhead of the Applicant DP)

Sr. No. / Name of the Entity / Person Against Whom Action Taken / Initiated by SEBI / Details / Description of the Action Taken / Initiated by SEBI / Corrective Steps Taken
If no action has been taken / initiated by SEBI then mention as ‘No action taken / initiated ’

Signature with stamp

Name : < Name of the Director/ Authorized person as per board resolution >

Designation

Date:

Place:

Annexure – 3:

(To be Provided on the Letterhead of the Applicant DP)

Sr. No. / Name of the Depository / Details / Description of the Action Taken by the Depository / Corrective Steps Taken
If no action has been taken / initiated by SEBI/ RBI or any other regulatory authority then mention as ‘No action taken / initiated ’

Signature with stamp

Name : < Name of the Director/ Authorized person as per board resolution >

Designation

Date:

Place:

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