Regulation 46 - Agreement between depository and issuer
International Financial Services Centres Authority (Market Infrastructure Institutions) Regulations, 2021 Chapter V GENERAL OBLIGATIONS OF A RECOGNISED DEPOSITORY
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Dematerialisation agreements require issuers to enable investor-held securities, with exceptions for depositories and government securities. Dematerialisation of securities requires an issuer to enter into an agreement with a recognised depository when the issuer or an investor exercises the ... Summary
Dematerialisation agreements require issuers to enable investor-held securities, with exceptions for depositories and government securities.
Dematerialisation of securities requires an issuer to enter into an agreement with a recognised depository when the issuer or an investor exercises the option to hold securities in dematerialised form. No agreement is required where the depository is itself the issuer or where government securities are issued by the Central Government of India or a State Government. Where a Registrar to the Issue or Share Transfer Agent is appointed, the depository, issuer and registrar or agent must execute a tripartite agreement for securities declared eligible for dematerialised holding.
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