Pledge creation timelines: depositories must, after pledgee concurrence, record pledges and notify participants within prescribed timeframe. The substituted provision requires that upon receipt of a pledge application the depository, after obtaining concurrence of the pledgee through its participant, create and record the pledge and send an intimation to the participants of both the pledger and the pledgee, to be completed within fifteen days of receipt of the application.
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.
Pledge creation timelines: depositories must, after pledgee concurrence, record pledges and notify participants within prescribed timeframe.
The substituted provision requires that upon receipt of a pledge application the depository, after obtaining concurrence of the pledgee through its participant, create and record the pledge and send an intimation to the participants of both the pledger and the pledgee, to be completed within fifteen days of receipt of the application.
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