The depositories act 1996 pdf

Penalty for failure to enter into an agreement. Penalty for delay in dematerialisation or issue of certificate of securities. Penalty for failure to reconcile records. Penalty for failure to comply with directions issued by Board under section 19 of the Act. Penalty for conduct business in a fair manner. Penalty for contravention where no separate penalty has been provided. Power to adjudicate. Factors to be taken into while adjudging quantum of penalty. Settlement of Administrative and Civil Proceedings.

Recovery of amounts. Continuance of proceedings. Crediting sums realised by way of penalties to Consolidated Fund of India. Contravention by companies. Cognizance of offences by courts. Composition of certain offences. Power to grant immunity. Establishment of Special Courts. Offences triable by Special Courts. Appeal and revision. Application of Code to proceedings before Special Court. Transitional provisions.

Appeal to Securities Appellate Tribunal. Procedure and powers of Securities Appellate Tribunal. Right to legal representation. Civil Court not to have jurisdiction. Appeal to Supreme Court. Power of Central Government to make rules. Power of Board to make regulations.

Power of depositories to make bye-laws. Rules and regulations to be laid before Parliament. Application of other laws not barred. Removal of difficulties. Validation of certain acts. The Depositories Act, regulates the depositories in securities in India. Download: Depositories Act, Beneficial Owner means a person whose name is recorded as such with a depository. Depository means a company formed and registered under the Companies Act, who has been granted a registration certificate under the Securities and Exchange Board of India Act, Registered Owner means a depository whose name is entered as such in the register of the issuer.

Service means any service connected with recording of allotment of securities or transfer of ownership of securities in the record of a depository. Ultimate Guide to Fintech Law. Fintech Law is the regulatory ecosystem and legal framework governing the multi-trillion-dollar financial technologies fintech sector.

A depository has power to frame its own bye- laws which are consistent with the Depositories Act, and rules and regulations prescribed under it for the following matters-. National Securities Depository Ltd. The Supreme Court upheld the circular and dismissed the appeals. Report this Document. Flag for inappropriate content. Download now. Smo-The Depositories Act Lasnic. Related titles. Carousel Previous Carousel Next. Jump to Page. Search inside document. Adina Sobhan. Zia Ud Din.

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