Write short notes on the following: (a) Custodian of Securities

As per the SEBI (Custodian) Regulations, 1996, a custodian is a person who carries on the business of providing custodial service to the client. The custodian keeps the custody of the securities of the client. The custodian also provides incidental services such as maintaining the accounts of securities of the client, collecting benefits or rights accruing to the client in respect to the securities. Roles and Responsibilities: Administrate and protect the assets of the clients Open a separate custody account and deposit account in the name of each client Record Assets Conduct registration of Securities Net Worth: Minimum ₹ 50 crore.