1.

Study the following case/situation and express your opinion.Mr. Y is a practicing Company Secretary offering advisory services to companies, institutions, etc. on corporate laws including the Companies Act. He has received few queries from his clients, please assist Mr. Y in answering them.(a). BDI bank wants to offer DP services. Whom should they approach for registering as DP?(b). KM Financial wants to offer Debenture Trustee services. Where should they apply for getting registered?(c). TT Ltd. Co. wants to issue an IPO. Should it get itself registered with SEBI?

Answer»

(a) If BDI bank wants to offer DP services, they should approach the concerned Depository for registering themselves.

(b) If KM Financial wants to offer Debenture Trustee services then they should be registered with SEBI to act as Debenture Trustee.

(c) The entire IPO process is regulated by SEBI, TT Ltd. Co should register with The U. S. Securities and Exchange Commission (SEC) which ensures that the company has made disclosures in detail thus TT Ltd will get the green signal to issue IPO.


Discussion

No Comment Found

Related InterviewSolutions