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Which of the following is not true about the foreign entities who allowed taking trading membership in National Stock Exchange? a. The promoting foreign entity or its subsidiary should be either a bank or insurance organization regulated by the Central Bank or such other appropriate regulatory authority of that country. b. The relevant authority of such country should be a member of International Organization of Securities Commission (IOSCO). c. The promoting foreign entity is one whose domestic arm or subsidiary is registered with SEBI for participation in any domestic venture for custodial or Asset Management services. d. The net worth of the entity having controlling stake in the applicant company or the promoting foreign entity varies country to country. |
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Answer» Correct option: d. The net worth of the entity having controlling stake in the applicant company or the promoting foreign entity varies country to country. |
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