Depository deemed registered owner for transfers while beneficial owner retains all rights and liabilities in securities. A depository is deemed the registered owner of securities solely for effecting transfers on behalf of the beneficial owner, but as registered owner it shall not have voting rights or other rights in respect of those securities; the beneficial owner retains all rights and benefits and bears all liabilities in respect of securities held through the depository.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Depository deemed registered owner for transfers while beneficial owner retains all rights and liabilities in securities.
A depository is deemed the registered owner of securities solely for effecting transfers on behalf of the beneficial owner, but as registered owner it shall not have voting rights or other rights in respect of those securities; the beneficial owner retains all rights and benefits and bears all liabilities in respect of securities held through the depository.
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