SEBI notifies vault managers regulations, 2021.

The SEBI has notified the SEBI (Vault Managers) Regulations, 2021. The norms prescribe provisions regarding (i) application for registration for vault managers (ii) Eligibility criteria (iii) Duties and Obligations of managers (iv) Inspection and Audit and (v) Miscellaneous provision. “Vaulting service” in relation to gold means the storage and safekeeping of gold deposited with the Vault Manager, by the depositor, for the purpose of trading in Electronic Gold Receipt and providing servicesThe SEBI has notified the SEBI (Vault Managers) Regulations, 2021. The norms prescribe provisions regarding (i) application for registration for vault managers (ii) Eligibility criteria (iii) Duties and Obligations of managers (iv) Inspection and Audit and (v) Miscellaneous provision. “Vaulting service” in relation to gold means the storage and safekeeping of gold deposited with the Vault Manager, by the depositor, for the purpose of trading in Electronic Gold Receipt and providing servicestaxmann.com Latest Statutory HappeningsRead More

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