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The Depositories Act, 1996

60 sections · 5 chapters · 1 schedules

- Section 1 Short title, extent and commencement.
- Section 2 Definitions.
- Section 3 Certificate of commencement of business by depositories.
- Section 20 Offences
- Section 21 Offences by companies.
Section 22 Cognizance of offences by courts
Section 22A Composition of certain offences.
Section 22B Power to grant immunity.
Section 22C Establishment of Special Courts
Section 22D Offences triable by Special Courts
Section 22E Appeal and revision
Section 22F Application of Code to proceedings before Special Court
Section 22G Transitional provisions.
Section 23 Appeals.
Section 23A Appeal to Securities Appellate Tribunal.
Section 23B Procedure and powers of Securities Appellate Tribunal.
Section 23C Right to legal representation.
Section 23D Limitations.
Section 23E Civil Court not to have jurisdiction
Section 23F Appeal to Supreme Court
Section 23G Powers of Board not to apply to International Financial Services Centre.
Section 24 Power of Central Government to make rules.
Section 25 Power of Board to make regulations.
Section 26 Power of depositories to make bye-laws.
Section 27 Rules and regulations to be laid before Parliament.
Section 28 Application of other laws not barred.
Section 29 Removal of difficulties
Section 30 Repealed..
Section 30A Validation of certain acts.
Section 31 Repeal and saving.
Schedule 1 THE SCHEDULE

The Depositories Act, 1996

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The Depositories Act, 1996
Chapter III

Chapter III

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

Sections in this chapter

Section 4 — Agreement between depository and participant.
Section 5 — Services of depository.
Section 6 — Surrender of certificate of security.
Section 7 — Registration of transfer of securities with depository.
Section 8 — Options to receive security certificate or hold securities with depository.
Section 9 — Securities in depositories to be in fungible form.
Section 10 — Rights of depositories and beneficial owner.
Section 11 — Register of beneficial owner.
Section 12 — Pledge or hypothecation of securities held in a depository.
Section 13 — Furnishing of information and records by depository and issuer.
Section 14 — Option to opt out in respect of any security.
Section 15 — Act 18 of 1891 to apply to depositories.
Section 16 — Depositories to indemnify loss in certain cases.
Section 17 — Rights and obligations of depositories, etc.