1.

What is a Custodian? Write its functions?

Answer»

A Custodian is basically an organization, which helps register and safeguard the securities of its clients. 

Besides safeguarding securities, a custodian also keeps track of corporate actions on behalf of its clients:

  • Maintaining a client's securities account 
  • Collecting the benefits or rights accruing to the client in respect of securities 
  • Keeping the client informed of the actions taken or to be taken by the issue of securities, having a bearing on the benefits or rights accruing to the client.


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