Chapter VII - RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS, MANNER OF SURRENDER OF CERTIFICATE OF SECURITY AND CREATION OF PLEDGE OR HYPOTHECATION (From Regulation 40 to Regulation 82AA)
Nominees of the Board: Board may appoint nominees to a depository governing board who hold equal director powers. The Board may appoint up to three persons as director(s) on the governing board of any depository; such appointees shall exercise the same powers as other directors on that governing board, providing direct Board representation with equivalent governance authority.
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.
Nominees of the Board: Board may appoint nominees to a depository governing board who hold equal director powers.
The Board may appoint up to three persons as director(s) on the governing board of any depository; such appointees shall exercise the same powers as other directors on that governing board, providing direct Board representation with equivalent governance authority.
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