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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Investor Protection Fund requirement: depositories must contribute a portion of depository profits annually and follow board norms. Every depository must establish and maintain an Investor Protection Fund for beneficial owners; the Fund cannot be used to indemnify a beneficial owner ... Summary
Investor Protection Fund requirement: depositories must contribute a portion of depository profits annually and follow board norms.
Every depository must establish and maintain an Investor Protection Fund for beneficial owners; the Fund cannot be used to indemnify a beneficial owner under the Depositories Act. Depositories must credit a specified portion of profits from depository operations to the Fund annually, and the contribution and utilization of the Fund shall follow norms specified by the Board.
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