Regulatory power to make regulations enables Board to prescribe forms, procedures, rights, eligibility and settlement terms. The Board is empowered to make regulations, by notification in the Official Gazette, consistent with the Depositories Act and rules to carry out the Act's purposes. Regulations may prescribe forms for records and certificates, the manner of surrendering certificates, procedures for pledge or hypothecation of beneficial owners' securities, conditions and fees for issuing certificates, rights and obligations of depositories/participants/issuers, eligibility criteria for admission of securities, terms for settlement of proceedings, and other matters required or permitted to be specified.
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.
Regulatory power to make regulations enables Board to prescribe forms, procedures, rights, eligibility and settlement terms.
The Board is empowered to make regulations, by notification in the Official Gazette, consistent with the Depositories Act and rules to carry out the Act's purposes. Regulations may prescribe forms for records and certificates, the manner of surrendering certificates, procedures for pledge or hypothecation of beneficial owners' securities, conditions and fees for issuing certificates, rights and obligations of depositories/participants/issuers, eligibility criteria for admission of securities, terms for settlement of proceedings, and other matters required or permitted to be specified.
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