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        SEBI

        Regulation 2 - Definitions

        Securities and Exchange Board of India (Custodian) Regulations, 1996
        Chapter I
        PRELIMINARY

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        Custodial services definition expanded to cover safekeeping, account maintenance, client notifications, and depository functions. The regulations define custodial services and related terms: a 'custodian' carries on custodial business, a 'client' contracts for those services, and a 'custody account' is the client account maintained by the custodian. Custodial services include safekeeping of securities, goods, gold and silver related instruments, and title deeds for specified funds; maintaining and reconciling client accounts; collecting benefits and rights; informing clients of issuer actions; and acting as a domestic depository for issuance-related functions. The instrument also defines 'certificate' of registration, 'securities', 'Form' and appoints an 'inspecting officer', while prescribing a context-dependent definition of 'change in control' for corporates.
                    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.

                        Custodial services definition expanded to cover safekeeping, account maintenance, client notifications, and depository functions.

                        The regulations define custodial services and related terms: a "custodian" carries on custodial business, a "client" contracts for those services, and a "custody account" is the client account maintained by the custodian. Custodial services include safekeeping of securities, goods, gold and silver related instruments, and title deeds for specified funds; maintaining and reconciling client accounts; collecting benefits and rights; informing clients of issuer actions; and acting as a domestic depository for issuance-related functions. The instrument also defines "certificate" of registration, "securities", "Form" and appoints an "inspecting officer", while prescribing a context-dependent definition of "change in control" for corporates.


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