Depository or custodian requirement for debt securities issuance to secure holding, transfers and corporate actions; disclosure mandated. Issuers of debt securities must enter into an agreement with a depository or custodian eligible to operate in the IFSC to hold and safeguard securities and to facilitate transfer, redemption and other corporate actions, and the appointment must be disclosed in the information memorandum, except that an issuer with a registered office or branch in the IFSC may service investors from that office and need not appoint a depository or custodian.
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 or custodian requirement for debt securities issuance to secure holding, transfers and corporate actions; disclosure mandated.
Issuers of debt securities must enter into an agreement with a depository or custodian eligible to operate in the IFSC to hold and safeguard securities and to facilitate transfer, redemption and other corporate actions, and the appointment must be disclosed in the information memorandum, except that an issuer with a registered office or branch in the IFSC may service investors from that office and need not appoint a depository or custodian.
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