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Depositories Act, 1996

[Act No. 22 of Year 1996, dated 20th. September, 1995]

Contents
Sections  
Chapter I Preliminary
1 Short title, extent and commencement
2 Definitions
Chapter II Certificate Of Commencement Of Business
3 Certificate of commencement of business by depositories
Chapter III 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
Chapter IV Enquiry And Inspection
18 Power of Board to call for information and enquiry
19 Power of Board to give directions in certain cases
Chapter V Penalty
20 Offences
21 Offences by companies
Chapter VI Miscellaneous
22 Cognizance of offences by courts
23 Appeals
23A Appeal to Securities Appellate Tribunal
23B Procedure and powers of Securities Appellate Tribunal
23C Right to legal representation
23D Limitation
23E Civil court not to have jurisdiction
23F Appeal to High Court
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 difficulties
30 Amendments to certain enactment
31 Repeal and saving
The Schedule Amendments To Certain Enactments
  Part I
  Part II
  Part III
  Part IV
  Part V
  Part VI
Depositories (Appeal To Central Government) Rules, 1998
1 Short title and commencement
2 Definitions
3 Form of appeal
4 Time within which appeal is to be preferred
5 Payment of fees
6 Contents of appeal
7 What to accompany Form
8 Filing of affidavits
9 Rights of appellant to appear before the Central Government
10 Authorizing a representative to appear
11 Authorization to be filed
12 Procedure for filing appeal
13 Furnishing of information and documents
14 Date and place of hearing of appeal to be communicated
15 Hearing of appeal
16 Orders by Central Government
17 Order to be signed and dated
18 Order to be communicated to the party
Form Appeal

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:-

Comment: The Act seeks to regulate depositories in securities and matters connected or incidental thereto.



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