Amendment to Section 22 removes subsection (2), altering the Depositories Act's regulatory provision for depositories. Section 52 of the Securities Laws (Amendment) Act, 2014 effects an amendment to the Depositories Act, 1996 by directing that subsection (2) of section 22 of the principal Act is omitted, thereby excising that operative provision from the statutory text.
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Amendment to Section 22 removes subsection (2), altering the Depositories Act's regulatory provision for depositories.
Section 52 of the Securities Laws (Amendment) Act, 2014 effects an amendment to the Depositories Act, 1996 by directing that subsection (2) of section 22 of the principal Act is omitted, thereby excising that operative provision from the statutory text.
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