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
Contents
Notifications
Circulars
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Nomination rights: participants must offer beneficial owners option to nominate successors for securities and agents to act on incapacity. Participants must provide a nomination facility allowing a beneficial owner to designate a person to receive vesting rights in the owner's securities on ... Summary
Nomination rights: participants must offer beneficial owners option to nominate successors for securities and agents to act on incapacity.
Participants must provide a nomination facility allowing a beneficial owner to designate a person to receive vesting rights in the owner's securities on death, including joint-account nominations where all joint owners may together nominate a recipient. Participants must also provide an option to nominate a person authorized to transact on the owner's behalf upon incapacitation. Depositories and participants are not liable for actions taken in reliance on a nomination made by the beneficial owner, and nominations must be made in the manner specified by regulation.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.