Chapter V - RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS, MANNER OF SURRENDER OF CERTIFICATE OF SECURITY AND CREATION OF PLEDGE OR HYPOTHECATION (From Regulation 26 to Regulation 58C)
Securities And Exchange Board of India (Depositories And Participants) Regulations, 1996 Chapter V RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS, MANNER OF SURRENDER OF CERTIFICATE OF SECURITY AND CREATION OF PLEDGE OR HYPOTHECATION
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Prohibition of assignment: depositories prohibited from delegating core functions without prior approval of the board. Prohibition of assignment bars a depository from assigning or delegating its functions to any other person without obtaining prior approval of the Board, making delegation subject to an express pre-approval condition to preserve regulatory oversight and the depository's statutory responsibilities.
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.
Prohibition of assignment: depositories prohibited from delegating core functions without prior approval of the board.
Prohibition of assignment bars a depository from assigning or delegating its functions to any other person without obtaining prior approval of the Board, making delegation subject to an express pre-approval condition to preserve regulatory oversight and the depository's statutory responsibilities.
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