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Mandatory admission of debt instruments on both depositories required, ensuring dual depository registration for all issuances effective immediately. Debt instruments issued by companies must be admitted on both recognized depositories rather than on a single depository; issuers and custodial participants are required to arrange dual admission to standardise dematerialisation, custody and settlement across market infrastructure participants as decided following the Working Group on Dematerialisation.
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Provisions expressly mentioned in the judgment/order text.
Mandatory admission of debt instruments on both depositories required, ensuring dual depository registration for all issuances effective immediately.
Debt instruments issued by companies must be admitted on both recognized depositories rather than on a single depository; issuers and custodial participants are required to arrange dual admission to standardise dematerialisation, custody and settlement across market infrastructure participants as decided following the Working Group on Dematerialisation.
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