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of <h1>Section 21 of Depositories Act Updates Terminology: 'Offence' Now 'Contravention' for Broader Regulatory Breaches.</h1> Section 21 of the Depositories Act, 1996, as amended by the Finance Act, 2018, revises the terminology related to violations by companies. The amendment changes the marginal heading to 'Contravention by companies' and replaces the term 'offence' with 'contravention' throughout the section. This change applies to both sub-sections (1) and (2), where the phrase 'an offence under this Act' is substituted with 'a contravention of any of the provisions of this Act or any rule, regulation, direction or order made thereunder,' reflecting a broader scope of regulatory breaches.
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