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          <h1>Depositories Must Follow SEBI Rules, Prioritize Investor Protection, Transparency, and Report Violations Under Depositories Act</h1> A depository must comply with the Securities and Exchange Board of India (SEBI) regulations, including the Depositories Act and related rules. It should prioritize investor protection, education, and maintain transparency with participants. Depositories are required to report any regulatory violations to SEBI and adopt best business practices. They must act in good faith, avoid conflicts of interest, and refrain from unfair competition. Depositories are accountable for their employees' actions and must ensure participants adhere to regulations, safeguarding investor interests and the integrity of the securities market.

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