Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Understanding Key Terms in The Depositories Act, 1996: Depository, Issuer, Participant Explained Under Section 2(1)</h1> The Depositories Act, 1996, as referenced in the Income-tax Act, 1961, includes definitions under Section 2(1) for terms such as 'depository,' 'issuer,' and 'participant.' These definitions are critical for understanding the roles and responsibilities within the framework of securities depositories, which facilitate the electronic holding and transfer of securities. The Act outlines the legal structure and operational guidelines for depositories, ensuring a streamlined and secure process for securities transactions, thereby supporting the broader regulatory and taxation framework established by the Income-tax Act.