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of <h1>Depositories Must Specify Securities in Dematerialized Form as per Regulation 41 of SEBI 2018 Regulations.</h1> Every depository is required to specify in its bye-laws the particular securities that can be held in dematerialized form within the depository. This is mandated by Regulation 41 of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, outlining the rights and obligations of depositories, participants, and issuers, as well as the procedures for surrendering security certificates and creating pledges or hypothecations.
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