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of <h1>Participants Must Maintain Separate Records for Each Depository per Regulation 51 of SEBI Regulations, 1996.</h1> Participants engaging with multiple depositories must maintain separate records for each depository as specified in Regulation 49. This requirement is outlined in Regulation 51 of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996. The regulation ensures that participants adhere to specific record-keeping protocols when dealing with multiple depositories, thereby facilitating organized and compliant management of records related to securities transactions and agreements.
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