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Depositories Act, 1996

The Depositories Act of 1996 outlines the rights, obligations, and regulations for depositories, participants, issuers, and beneficial owners of securities. It establishes agreements between depositories and participants for services like registration of electronic security transfers. The Act also gives depositories and beneficial owners rights over pledged securities and allows opting out of any security. It defines penalties for offenses and gives powers to courts, the Central Government, and regulatory boards to enforce the Act.

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Niket Dattani
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108 views8 pages

Depositories Act, 1996

The Depositories Act of 1996 outlines the rights, obligations, and regulations for depositories, participants, issuers, and beneficial owners of securities. It establishes agreements between depositories and participants for services like registration of electronic security transfers. The Act also gives depositories and beneficial owners rights over pledged securities and allows opting out of any security. It defines penalties for offenses and gives powers to courts, the Central Government, and regulatory boards to enforce the Act.

Uploaded by

Niket Dattani
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
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DEPOSITORIES ACT, 1996

CERTIFICATE OF COMMENCEMENT OF BUSINESS

RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS AND BENEFICIAL OWNERS


Agreement between depository and participant Services of depository Registration of transfer of securities with depository

RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS AND BENEFICIAL OWNERS cont..
Securities in depositories to be in electronic form Rights of depositories and beneficial owner Pledge or hypothecation of securities Option to opt out in respect of any security

ENQUIRY AND INSPECTION

o Power of Board to call o Power of Board to give directions

PENALTY

Offences Offences by companies

MISCELLANEOUS

Cognizance of offences by courts Appeals Power of Central Government to make rules

MISCELLANEOUS cont..

Power of Board to make regulations Power of depositories to make bye-laws Removal of difficulties Repeal and saving

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