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)
Liability for default by issuer or agent: regulators may take enforcement action for contraventions, nondisclosure or non-cooperation. Liability arises where an issuer or its agent contravenes depository-related laws, fails to furnish required information, provides materially false or misleading information, or does not cooperate with inspections or enquiries; the Board may take action under the Depositories Act. Depositories must inspect issuer or agent records to ensure dematerialised securities are reconciled with securities issued and report failures in reconciliation to the Board.
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.
Liability for default by issuer or agent: regulators may take enforcement action for contraventions, nondisclosure or non-cooperation.
Liability arises where an issuer or its agent contravenes depository-related laws, fails to furnish required information, provides materially false or misleading information, or does not cooperate with inspections or enquiries; the Board may take action under the Depositories Act. Depositories must inspect issuer or agent records to ensure dematerialised securities are reconciled with securities issued and report failures in reconciliation to the Board.
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