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)
Depository listing eligibility requires regulatory compliance and board approval; the regulator may impose market protection conditions. A depository may apply to list securities on a recognised stock exchange only if it complies with ownership and governance provisions, has completed three years of continuous depository operations immediately preceding the application date, and has obtained Board approval; the Board may impose conditions in the interest of the securities market, including on transfer of shares, and a depository or its associates may not list on an exchange that is an associate of the depository.
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.
Depository listing eligibility requires regulatory compliance and board approval; the regulator may impose market protection conditions.
A depository may apply to list securities on a recognised stock exchange only if it complies with ownership and governance provisions, has completed three years of continuous depository operations immediately preceding the application date, and has obtained Board approval; the Board may impose conditions in the interest of the securities market, including on transfer of shares, and a depository or its associates may not list on an exchange that is an associate of the depository.
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