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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Daily reconciliation requirement mandates issuers or depositories to reconcile dematerialised securities records each business day. A regulatory obligation requires daily reconciliation of dematerialised securities records against all securities issued by the issuer. The duty rests on the issuer or its agent to reconcile records daily. Where the State or the Central Government issues Government securities, the depository is required to reconcile the dematerialised securities records on a daily basis.
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.
Daily reconciliation requirement mandates issuers or depositories to reconcile dematerialised securities records each business day.
A regulatory obligation requires daily reconciliation of dematerialised securities records against all securities issued by the issuer. The duty rests on the issuer or its agent to reconcile records daily. Where the State or the Central Government issues Government securities, the depository is required to reconcile the dematerialised securities records on a daily basis.
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