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        SEBI

        Regulation 15 - Vault Manager to indemnify loss in certain cases

        Securities and Exchange Board of India (Vault Managers) Regulations, 2021
        Chapter III
        DUTIES AND OBLIGATIONS OF VAULT MANAGERS

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        Indemnity obligation by vault managers requires compensation to depositors or beneficial owners for losses during vaulting services. Vault managers have a statutory indemnity obligation where losses are caused to a depositor or beneficial owner in the course of providing vaulting services; the Vault Manager must indemnify the depositor or beneficial owner in the manner specified by the Board.
                          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.

                                Indemnity obligation by vault managers requires compensation to depositors or beneficial owners for losses during vaulting services.

                                Vault managers have a statutory indemnity obligation where losses are caused to a depositor or beneficial owner in the course of providing vaulting services; the Vault Manager must indemnify the depositor or beneficial owner in the manner specified by the Board.


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