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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Prohibition of assignment bars depositories from delegating their functions without prior Board approval or assigning them to third parties. Regulation 57 prohibits a depository from assigning or delegating its functions to any other person without prior approval of the Board, conditioning any ... Summary
Prohibition of assignment bars depositories from delegating their functions without prior Board approval or assigning them to third parties.
Regulation 57 prohibits a depository from assigning or delegating its functions to any other person without prior approval of the Board, conditioning any transfer of operational responsibilities on express pre-approval and thereby preventing unilateral outsourcing or transfer of depository duties.
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