RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS, MANNER OF SURRENDER OF CERTIFICATE OF SECURITY AND CREATION OF PLEDGE OR HYPOTHECATION - Securities And Exchange Board of India (Depositories And Participants) Regulations, 1996
RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS, MANNER OF SURRENDER OF CERTIFICATE OF SECURITY AND CREATION OF PLEDGE OR HYPOTHECATION - Securities And Exchange Board of India (Depositories And Participants) Regulations, 1996
Securities And Exchange Board of India (Depositories And Participants) Regulations, 1996 Chapter V 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: depositories prohibited from delegating core functions without prior approval of the board. Prohibition of assignment bars a depository from assigning or delegating its functions to any other person without obtaining prior approval of the Board, ... Summary
Prohibition of assignment: depositories prohibited from delegating core functions without prior approval of the board.
Prohibition of assignment bars a depository from assigning or delegating its functions to any other person without obtaining prior approval of the Board, making delegation subject to an express pre-approval condition to preserve regulatory oversight and the depository's statutory responsibilities.
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