Depositories Act, 1996
Bare Act · 1996
An Act to provide for regulation of depositories in securities and for matters connected therewith or incidental thereto.
- Act number
- 22 of 1996
- Enacted
- 10 August 1996
- Contents
- 60 sections · 6 chapters
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Contents
Chapter I — Preliminary
Chapter II — Certificate Of Commencement Of Business
Chapter III — Rights And Obligations Of Depositories, Participants, Issuers And Beneficial Owners
- Section 4 – Agreement between depository and participant
- Section 5 – Services of depository
- Section 6 – Surrender of certificate of security (preview)
- Section 7 – Registration of transfer of securities with depository (preview)
- Section 8 – Options to receive security certificate or hold securities with depository (preview)
- Section 10 – Rights of depositories and beneficial owner (preview)
- Section 11 – Register of beneficial owner (preview)
- Section 12 – Pledge or hypothecation of securities held in a depository (preview)
- Section 13 – Furnishing of information and records by depository and issuer (preview)
- Section 14 – Option to opt out in respect of any security (preview)
- Section 15 – Act 18 of 1891 to apply to depositories (preview)
- Section 16 – Depositories to indemnify loss in certain cases (preview)
- Section 17 – Rights and obligations of depositories, etc (preview)
Sections
- Section 9 – Securities in depositories to be in fungible form (preview)
- Section 19-I – Factors to be taken into account by adjudicating officer (preview)
- Section 19-IA – Settlement of Administrative and Civil Proceedings (preview)
- Section 19-IB – Recovery of amounts (preview)
- Section 19-IC – Continuance of proceedings (preview)
Chapter IV — Enquiry And Inspection
- Section 18 – Power of Board to call for information and enquiry (preview)
- Section 19 – Power of Board to give directions in certain cases (preview)
- Section 19A – Penalty for failure to furnish information, return, etc (preview)
- Section 19B – Penalty for failure to enter into an agreement (preview)
- Section 19C – Penalty for failure to redress investors‟ grievances (preview)
- Section 19D – Penalty for delay in dematerialisation or issue of certificate of securities (preview)
- Section 19E – Penalty for failure to reconcile records (preview)
- Section 19F – Penalty for failure to comply with directions issued by Board under section 19 of the Act (preview)
- Section 19FA – Penalty for conduct business in a fair manner (preview)
- Section 19G – Penalty for contravention where no separate penalty has been provided (preview)
- Section 19H – Power to adjudicate (preview)
- Section 19J – Crediting sums realised by way of penalties to Consolidated Fund of India (preview)
Chapter V — Miscellaneous
- Section 20 – Offences (preview)
- Section 21 – Offences by companies (preview)
- Section 22 – Cognizance of offences by courts (preview)
- Section 22A – Composition of certain offences (preview)
- Section 22B – Power to grant immunity (preview)
- Section 22C – Establishment of Special Courts (preview)
- Section 22D – Offences triable by Special Courts (preview)
- Section 22E – Appeal and revision (preview)
- Section 22F – Application of Code to proceedings before Special Court (preview)
- Section 22G – Transitional provisions (preview)
- Section 23 – Appeals (preview)
- Section 23A – Appeal to Securities Appellate Tribunal (preview)
- Section 23B – Procedure and powers of Securities Appellate Tribunal (preview)
- Section 23C – Right to legal representation (preview)
- Section 23D – Limitations (preview)
- Section 23E – Civil Court not to have jurisdiction (preview)
- Section 23F – Appeal to Supreme Court (preview)
- Section 23G – Powers of Board not to apply to International Financial Services Centre (preview)
- Section 24 – Power of Central Government to make rules (preview)
- Section 25 – Power of Board to make regulations (preview)
- Section 26 – Power of depositories to make bye-laws (preview)
- Section 27 – Rules and regulations to be laid before Parliament (preview)
- Section 28 – Application of other laws not barred (preview)
- Section 29 – Removal of difficulties (preview)
- Section 30 – Repealed (preview)
- Section 30A – Validation of certain acts (preview)
- Section 31 – Repeal and saving (preview)