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Central Bare Acts 1996 Home Acts Central 1996 Page 1 of about 441 results (0.025 seconds)

Depositories Act, 1996 (22 of 1996) Preamble 1

Title : Depositories Act, 1996

State : Central

Year : 1996

THE DEPOSITORIES ACT, 1996 [Act, No. 22 of 1996] [10th August, 1996] PREAMBLE An Act to provide for regulation of depositories in securities and for matters connected therewith or incidental thereto. BE it enacted by Parliament in the Forty-seventh Year of the Republic of India as follows:-- View Complete Act      List Judgments citing this section

Depositories Act, 1996 (22 of 1996) Chapter 1

Title : Preliminary

State : Central

Year : 1996

(1) This Act may be called the Depositories Act, 1996. (2) It extends to the whole of India. (3) It shall be deemed to have come into force on the 20th day of September, 1995. Section 2 - Definitions (1) In this Act, unless the context otherwise requires,-- (a) "beneficial owner" means a person whose name is recorded as such with a depository; (b) "Board" means the Securities and Exchange Board of India established under section 3 of the Securities and Exchange Board of India Act, 1992 (15 of 1992); (c) "bye-laws" means bye-laws made by a depository under section 26; (d) "Company Law Board" means the Board of Company Law Administration constituted under section 10E of the Companies Act, 1956 (l of 1956); (e) "depository" means a company formed and registered under the..... View Complete Act      List Judgments citing this section

Depositories Act, 1996 (22 of 1996) Section 1

Title : Short Title, Extent and Commencement

State : Central

Year : 1996

(1) This Act may be called the Depositories Act, 1996. (2) It extends to the whole of India. (3) It shall be deemed to have come into force on the 20th day of September, 1995. View Complete Act      List Judgments citing this section

Depositories Act, 1996 (22 of 1996) Section 2

Title : Definitions

State : Central

Year : 1996

(1) In this Act, unless the context otherwise requires,-- (a) "beneficial owner" means a person whose name is recorded as such with a depository; (b) "Board" means the Securities and Exchange Board of India established under section 3 of the Securities and Exchange Board of India Act, 1992 (15 of 1992); (c) "bye-laws" means bye-laws made by a depository under section 26; (d) "Company Law Board" means the Board of Company Law Administration constituted under section 10E of the Companies Act, 1956 (l of 1956); (e) "depository" means a company formed and registered under the Companies Act, 1956 (l of 1956), and which has been granted a certificate of registration under sub-section (1A) of section 12 of the Securities and Exchange Board of India Act, 1992 (15 of 1992); (f)..... View Complete Act      List Judgments citing this section

Depositories Act, 1996 (22 of 1996) Chapter II

Title : Certificate of Commencement of Business

State : Central

Year : 1996

(1) No depository shall act as a depository unless it obtains a certificate of commencement of business from the Board. (2) A certificate granted under sub-section (1) shall be in such form as may be specified by the regulations. (3) The Board shall not grant a certificate under sub-section (1) unless it is satisfied that the depository has adequate systems and safeguards to prevent manipulation of records and transactions: Provided that no certificate shall be refused under this section unless the depository concerned has been given a reasonable opportunity of being heard. View Complete Act      List Judgments citing this section

Depositories Act, 1996 (22 of 1996) Section 3

Title : Certificate of Commencement of Business by Depositories

State : Central

Year : 1996

(1) No depository shall act as a depository unless it obtains a certificate of commencement of business from the Board. (2) A certificate granted under sub-section (1) shall be in such form as may be specified by the regulations. (3) The Board shall not grant a certificate under sub-section (1) unless it is satisfied that the depository has adequate systems and safeguards to prevent manipulation of records and transactions: Provided that no certificate shall be refused under this section unless the depository concerned has been given a reasonable opportunity of being heard. View Complete Act      List Judgments citing this section

Depositories Act, 1996 (22 of 1996) Chapter III

Title : Rights and Obligations of Depositories, Participants Issuers and Beneficial Owners

State : Central

Year : 1996

(1) A depository shall enter into an agreement with one or more participants as its agent. (2) Every agreement under sub-section (1) shall be in ,such form as may be specified by the bye-laws. Section 5 - Services of depository Any person, through a participant, may enter into an agreement, in such form as may be specified by the bye-laws, with any depository for availing its services. Section 6 - Surrender of certificate of security (1) Any person who has entered into an agreement under section 5 shall surrender the certificate of security, for which he seeks to avail the services of a depository, to the issuer in such manner as may be specified by the regulations. (2) The issuer, on receipt of certificate of security under sub-section (1), shall cancel the certificate of..... View Complete Act      List Judgments citing this section

Depositories Act, 1996 (22 of 1996) Section 4

Title : Agreemenf Between Depository and Participant

State : Central

Year : 1996

(1) A depository shall enter into an agreement with one or more participants as its agent. (2) Every agreement under sub-section (1) shall be in ,such form as may be specified by the bye-laws. View Complete Act      List Judgments citing this section

Depositories Act, 1996 (22 of 1996) Section 5

Title : Services Ofdepository

State : Central

Year : 1996

Any person, through a participant, may enter into an agreement, in such form as may be specified by the bye-laws, with any depository for availing its services. View Complete Act      List Judgments citing this section

Depositories Act, 1996 (22 of 1996) Section 6

Title : Surrender of Certificate of Security

State : Central

Year : 1996

(1) Any person who has entered into an agreement under section 5 shall surrender the certificate of security, for which he seeks to avail the services of a depository, to the issuer in such manner as may be specified by the regulations. (2) The issuer, on receipt of certificate of security under sub-section (1), shall cancel the certificate of security and substitute in its records the name of the depository as a registered owner in respect of that security and inform the depository accordingly. (3) A depository shall, on receipt of information under sub-section (2), enter the name of the person referred to in sub-section (1) in its records, as the beneficial owner. View Complete Act      List Judgments citing this section


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