Securities And Exchange Board of India (Depositories And Participants) Regulations, 1996 Chapter V RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS, MANNER OF SURRENDER OF CERTIFICATE OF SECURITY AND CREATION OF PLEDGE OR HYPOTHECATION
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Investor Protection Fund: depositories must fund protections for beneficial owners and follow Board-prescribed contribution norms. Every depository must establish and maintain an Investor Protection Fund to protect beneficial owners; the Fund shall not be used to indemnify a ... Summary
Investor Protection Fund: depositories must fund protections for beneficial owners and follow Board-prescribed contribution norms.
Every depository must establish and maintain an Investor Protection Fund to protect beneficial owners; the Fund shall not be used to indemnify a beneficial owner under section 16 of the Depositories Act. Depositories shall credit a specified portion of profits from depository operations to the Fund, and contributions and utilization shall follow norms specified by the Board.
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