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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Investor Protection Fund: depositories must fund protections for beneficial owners and follow Board-prescribed contribution norms. Every depository must establish and maintain an Investor Protection Fund to protect beneficial owners; the Fund shall not be used to indemnify a beneficial owner under section 16 of the Depositories Act. Depositories shall credit a specified portion of profits from depository operations to the Fund, and contributions and utilization shall follow norms specified by 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.
Investor Protection Fund: depositories must fund protections for beneficial owners and follow Board-prescribed contribution norms.
Every depository must establish and maintain an Investor Protection Fund to protect beneficial owners; the Fund shall not be used to indemnify a beneficial owner under section 16 of the Depositories Act. Depositories shall credit a specified portion of profits from depository operations to the Fund, and contributions and utilization shall follow norms specified by the Board.
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