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)
Liability for default: depositories and participants face enforcement under intermediaries procedure for specified compliance failures. Liability for action in case of default applies where a depository or participant contravenes statutory or regulatory provisions, fails to furnish required information or furnishes materially false information, does not cooperate with inspections or enquiries, disobeys directions under the Depositories Act, or fails to pay the annual fee; such defaults are to be dealt with under the procedural framework of the Intermediaries Regulations, 2008, Chapter V.
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.
Liability for default: depositories and participants face enforcement under intermediaries procedure for specified compliance failures.
Liability for action in case of default applies where a depository or participant contravenes statutory or regulatory provisions, fails to furnish required information or furnishes materially false information, does not cooperate with inspections or enquiries, disobeys directions under the Depositories Act, or fails to pay the annual fee; such defaults are to be dealt with under the procedural framework of the Intermediaries Regulations, 2008, Chapter V.
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