Securities depository regulation establishes nationwide application and deemed commencement for connected and incidental matters throughout India. Regulation of depositories in securities is established through a statutory framework covering matters connected with or incidental to that subject. ... Summary
Securities depository regulation establishes nationwide application and deemed commencement for connected and incidental matters throughout India.
Regulation of depositories in securities is established through a statutory framework covering matters connected with or incidental to that subject. Application extends throughout India, and the framework is deemed to have commenced on 20 September 1995. The statutory title is Depositories Act, 1996, while the preliminary provisions identify the framework's territorial extent and effective date.
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