Dematerialisation reporting requirement relaxed; depositories must amend rules, notify participants and report implementation status to regulator. Depository Participants are relieved of the obligation to furnish weekly information to SEBI on processing of dematerialisation applications because the depositories hold the requisite data; depositories must amend bye-laws, notify DPs, publish the change on their websites and report implementation status to SEBI.
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Provisions expressly mentioned in the judgment/order text.
Dematerialisation reporting requirement relaxed; depositories must amend rules, notify participants and report implementation status to regulator.
Depository Participants are relieved of the obligation to furnish weekly information to SEBI on processing of dematerialisation applications because the depositories hold the requisite data; depositories must amend bye-laws, notify DPs, publish the change on their websites and report implementation status to SEBI.
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