10A.6
- Document type
- Manual
- Dated
- Category
- Exchange Management Manual
Safe Custody of Shares/Securities
Authorised dealers and financial institutions extending custodial services may hold in their safe custody, shares and securities issued/transferred to non-residents and also release the shares/securities from non-resident safe custody account for purposes like recording change of name, sale, etc., provided the relative purchase/sale/transfer is covered by the general or special permission of Reserve Bank.