(1) The deposit specified in sub-section 2 of section 11 of the Act shall be maintained at the principal office of the Reserve Bank.
(2) The value of each security deposited under sub-rule (1) shall be estimated at its market rate, ex-dividend.
(3) Securities shall be duly transferred to the Reserve Bank by the banking company.
(4) Upon receipt of a deposit under sub-rule (1) the principal office of the Reserve Bank shall, as soon as possible, send to the principal office of the banking company a certificate in Form II.
Rules and Regulations of India