Finance · Financial Markets
Under the Depositories Act, 1996, a beneficial owner may create a pledge or hypothecation of securities only with the:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Prior consent from the regional stock exchanges
- 2Written certification from the issuer company
- 3Prior approval of the depository✓
- 4Approval of the Central Government
Correct answer
Prior approval of the depository
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