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<h1>Board empowers regulatory action against depositories and participants under Section 19 for investor protection and market integrity</h1> Section 19 of the Depositories Act, 1996 empowers the Board to issue directions following enquiry or inspection when necessary for investor protection or orderly securities market development. The Board may direct depositories, participants, market-associated persons, or issuers to prevent detrimental conduct. The provision includes power to order disgorgement of wrongful gains or losses averted through contraventions. Additionally, the Board may levy penalties under specified sections after conducting prescribed inquiries, with reasons recorded in writing.