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The Depositories Act, 1996

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The Depositories Act, 1996

 

CONTENTS

Sections

Particulars

    
1Short title, extent and commencement.
2Definitions.
3Certificate of commencement of business by depositories.
4Agreement between depository and participant.
5Services of depository.
6Surrender of certificate of security.
7Registration of transfer of securities with depository.
8Options to receive security certificate or hold securities with depositories.
9Securities in depositories to be in fungible form.
10Rights of depositories and beneficial owner.
11Register of beneficial owner.
12Pledge or Hypothecation of securities held in a depository.
13Furnishing of Information and records by depository and issuer.
14Option to opt out in respect of any security.
15Act 18 of 1891 to apply to depositories.
16Depositories to Indemnify loss in certain cases.
17Rights and Obligations of depositories, etc.
18Power of Board to call for Information and Inquiry.
19Power of Board to give Directions in certain cases.
19APenalty for failure to furnish information, return, etc..
19BPenalty for failure to enter into an agreement.—
19CPenalty for failure to redress Investors’ grievances.
19DPenalty for delay in dematerialisation or issue of certificate of securities.
19EPenalty for failure to reconcile records.
19FPenalty for failure to comply with directions issued by Board under section 19 of the Act.
19GPenalty for contravention where no separate penalty has been provided.
19HPower to adjudicate.—
19IFactors to be taken into account by adjudicating officer.
19JCrediting sums realised by way of penalties to Consolidated Fund of India.
20Offences.
21Offences by companies.
22Cognizance of offences by courts.
22AComposition of certain offences
22BPower to grant immunity
23Appeals.
23AAppeal to Securities Appellate Tribunal.
23BProcedure and powers of Securities Appellate Tribunal.
23CRight to legal representation.
23DLimitation.
23ECivil court not to have jurisdiction.
23FAppeal to Supreme Court.
24Power of Central Government to make rules.
25Power of Board to make regulations.
26Power of depositories to make Bye-Laws.
27Rules and Regulations to be laid before parliament.
28Application of other laws not barred.
29Removal of Difficulties.
30Amendments to Certain Enactments.
31Repeal and Saving.
       
  

THE SCHEDULES

  

  

  Schedule I
  Schedule II
  Schedule III
  Schedule IV
  Schedule V
   Schedule VI

 

Indian Laws – Bare Acts

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