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Depositories Act
An Act to provide for regulation of depositories in securities and for matters connected therewith or incidental thereto.
| Act Id | 199622 |
| Act Number | 22 |
| Enactment Date | 1996-08-10 |
| Act Year | 1996 |
| Ministry | Ministry of Finance |
| Enforcement Date | 20-09-1995 |
- PRELIMINARY
- CERTIFICATE OF COMMENCEMENT OF BUSINESS
- RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS AND BENEFICIAL OWNERS
- 4 Agreement between depository and participant
- 5 Services of depository
- 6 Surrender of certificate of security
- 7 Registration of transfer of securities with depository
- 8 Options to receive security certificate or hold securities with depository
- 9 Securities in depositories to be in fungible form
- 10 Rights of depositories and beneficial owner
- 11 Register of beneficial owner
- 12 Pledge or hypothecation of securities held in a depository
- 13 Furnishing of information and records by depository and issuer
- 14 Option to opt out in respect of any security
- 15 Act 18 of 1891 to apply to depositories
- 16 Depositories to indemnify loss in certain cases
- 17 Rights and obligations of depositories, etc
- ENQUIRY AND INSPECTION
- 18 Power of Board to call for information and enquiry
- 19 Power of Board to give directions in certain cases
- 19A Penalty for failure to furnish information, return, etc
- 19B Penalty for failure to enter into an agreement
- 19C Penalty for failure to redress investors‟ grievances
- 19D Penalty for delay in dematerialisation or issue of certificate of securities
- 19E Penalty for failure to reconcile records
- 19F Penalty for failure to comply with directions issued by Board under section 19 of the Act
- 19FA Penalty for conduct business in a fair manner
- 19G Penalty for contravention where no separate penalty has been provided
- 19H Power to adjudicate
- 19-I Factors to be taken into account by adjudicating officer
- 19-IA Settlement of Administrative and Civil Proceeding
- 19-IB Recovery of amounts
- 19-IC Continuance of proceedings
- 19J Crediting sums realised by way of penalties to Consolidated Fund of India
- MISCELLANEOUS
- CHAPTER VI.--MISCELLANEOUS--Omitted.
- 22 Cognizance of offences by court
- 22A Composition of certain offences
- 22B Power to grant immunity
- 22C Establishment of Special Court
- 22D Offences triable by Special Court
- 22E Appeal and revisio
- 22F Application of Code to proceedings before Special Cour
- 22G Transitional provisions
- 23 Appeals
- 23A Appeal to Securities Appellate Tribunal
- 23B Procedure and powers of Securities Appellate Tribunal
- 23C Right to legal representation
- 23D Limitations
- 23E Civil Court not to have jurisdictio
- 23F Appeal to Supreme Cour
- 24 Power of Central Government to make rules
- 25 Power of Board to make regulations
- 26 Power of depositories to make bye-laws
- 27 Rules and regulations to be laid before Parliament
- 28 Application of other laws not barred
- 29 Removal of difficultie
- 30 Repealed.
- 30A Validation of certain acts
- 31 Repeal and saving
