Creation/Invocation of pledge of securities requires reasonable notice, standardised pledge form, and invocation intimation to parties. Depositories must adopt a standardized Pledge Request Form obliging pledger and pledgee to comply with the Indian Contract Act, the Depositories Act and SEBI regulations, require the pledgee to give reasonable notice to the pledger, record the pledgee as beneficial owner at invocation, and send intimation to both parties; bye laws and systems must be amended and provisions disseminated for implementation by April 6, 2026.