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)
Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 Chapter VII RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS, MANNER OF SURRENDER OF CERTIFICATE OF SECURITY AND CREATION OF PLEDGE OR HYPOTHECATION
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Wind-down plan obligation requires depositories to prepare transfer processes for beneficial owner accounts when critical operations fail. Every depository must devise and maintain a wind-down plan per Board guidelines, defined as a process to transfer beneficial owner accounts and other operational powers to an alternative institution in scenarios of net-worth erosion, insolvency, or inability to provide critical depository operations or services to ensure continuity of core functions.
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.
Wind-down plan obligation requires depositories to prepare transfer processes for beneficial owner accounts when critical operations fail.
Every depository must devise and maintain a wind-down plan per Board guidelines, defined as a process to transfer beneficial owner accounts and other operational powers to an alternative institution in scenarios of net-worth erosion, insolvency, or inability to provide critical depository operations or services to ensure continuity of core functions.
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