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Options
- A
Custodial Services
- B
Broking
-
Registrar and Transfer Agent
Correct answer
- D
All of the above
Why this is the answer
The appointment of Registrar and Transfer Agent (RTA) is done by the AMC. However, it is not compulsory to appoint an RTA. The AMC can choose to handle this activity in-house. AMC cannot be a custodian or a broker. An independent custodian ensures that the securities are indeed held in the scheme for the benefit of investors, which is an important control aspect.
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