LawgistThe Depositories Act
17Rights and obligations of depositories, etc
(1) Subject to the provisions of this Act, the rights and obligations of the depositories, participants and the issuers whose securities are dealt with by a depository shall be specified by the regulations.
(2) The eligibility criteria for admission of securities into the depository shall be specified by the regulations.
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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
