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 )
Depository listing eligibility requires regulatory compliance and board approval; the regulator may impose market protection conditions. A depository may apply to list securities on a recognised stock exchange only if it complies with ownership and governance provisions, has completed three ... Summary
Depository listing eligibility requires regulatory compliance and board approval; the regulator may impose market protection conditions.
A depository may apply to list securities on a recognised stock exchange only if it complies with ownership and governance provisions, has completed three years of continuous depository operations immediately preceding the application date, and has obtained Board approval; the Board may impose conditions in the interest of the securities market, including on transfer of shares, and a depository or its associates may not list on an exchange that is an associate of the depository.
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