Depository agreement requirement: depositories must contract participants as agents with form and terms governed by bye laws. A depository must enter into an agreement with one or more participants as its agents, and every such agreement must be in the form specified by the bye laws, thereby formalising participant agency relationships and governing the terms of engagement under the Depositories Act.
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Provisions expressly mentioned in the judgment/order text.
Depository agreement requirement: depositories must contract participants as agents with form and terms governed by bye laws.
A depository must enter into an agreement with one or more participants as its agents, and every such agreement must be in the form specified by the bye laws, thereby formalising participant agency relationships and governing the terms of engagement under the Depositories Act.
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