Chapter VII - RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS, MANNER OF SURRENDER OF CERTIFICATE OF SECURITY AND CREATION OF PLEDGE OR HYPOTHECATION (From Regulation 40 to Regulation 82AA)
Multiple depository participation requires depository approval and separate fee obligations for each depository under regulatory procedure. A participant registered with one depository may act for another only after applying for and obtaining the other depository's approval upon satisfying regulatory eligibility; approval is conditional on timely payment of prescribed registration fees. The granting depository must inform the Board, and an approved participant must pay separate annual fees to each depository and quinquennial registration fees from the sixth year as specified in the Second Schedule.
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.
Multiple depository participation requires depository approval and separate fee obligations for each depository under regulatory procedure.
A participant registered with one depository may act for another only after applying for and obtaining the other depository's approval upon satisfying regulatory eligibility; approval is conditional on timely payment of prescribed registration fees. The granting depository must inform the Board, and an approved participant must pay separate annual fees to each depository and quinquennial registration fees from the sixth year as specified in the Second Schedule.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
