Chapter VIIRIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS, MANNER OF SURRENDER OF CERTIFICATE OF SECURITY AND CREATION OF PLEDGE OR HYPOTHECATION (From Regulation 40 to Regulation 82AA )
Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 Chapter VII RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS, MANNER OF SURRENDER OF CERTIFICATE OF SECURITY AND CREATION OF PLEDGE OR HYPOTHECATION
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Participant withdrawal permitted when request complies with depository bye laws, obliging depositories to allow transfer or exit. Regulation 47 requires a depository to permit a participant to withdraw or transfer its account provided the request satisfies the conditions set out in ... Summary
Participant withdrawal permitted when request complies with depository bye laws, obliging depositories to allow transfer or exit.
Regulation 47 requires a depository to permit a participant to withdraw or transfer its account provided the request satisfies the conditions set out in the depository's bye laws, creating a conditional right of withdrawal or transfer and a corresponding obligation on the depository to allow it when bye laws requirements are met.
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