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<h1>Depository or participant violations under SEBI regulations face action as per Chapter V of Intermediaries Regulations 2008.</h1> A depository or participant violating provisions of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996, may face action. Violations include contravening the Act, failing to provide required information, providing false or misleading information, not cooperating with inspections or investigations, failing to comply with Board directions, or not paying the annual fee. Such entities will be dealt with according to Chapter V of the Securities and Exchange Board of India (Intermediaries) Regulations, 2008. These provisions ensure compliance and accountability within the securities market framework.