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<h1>Issuers Liable for Violations Under Regulation 64A; Depositories Must Ensure Reconciliation and Report Failures to the Board.</h1> Regulation 64A of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996, outlines the liability of issuers or their agents in cases of default. If an issuer or its agent violates provisions of the Depositories Act, fails to provide required information, supplies false or misleading information, does not cooperate with inspections, or disobeys Board directions, the Board can take action under the Depositories Act. Additionally, depositories must inspect issuer records to ensure reconciliation of dematerialized securities with issued securities and report any failures to the Board.