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 )
Liability for default: depositories or participants breaching obligations may face enforcement under intermediaries regulations and regulatory sanctions. Liability arises where a depository or participant breaches duties - including contravention of the Act, the Depositories Act, bye laws, agreements or ... Summary
Liability for default: depositories or participants breaching obligations may face enforcement under intermediaries regulations and regulatory sanctions.
Liability arises where a depository or participant breaches duties - including contravention of the Act, the Depositories Act, bye laws, agreements or these Regulations; failure to furnish required information or furnishing false or misleading information; non cooperation in inspections, investigations or enquiries; failure to comply with Board directions; or failure to pay the annual fee - and such defaults shall be dealt with in the manner provided under Chapter V of the Securities and Exchange Board of India (Intermediaries) Regulations, 2008.
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