https://www.taxtmi.com/acts?id=36512 Regulation 58 sets a procedural regime for creating, recording, cancelling and invoking a pledge or hypothecation in dematerialised securities: a beneficial owner applies through its participant which verifies availability; the depository records the pledge after pledgee concurrence and notifies participants; refusals must be reasoned; cancellations require application and pledgee concurrence; on invocation the depository registers the pledgee as beneficial owner and informs participants to amend records; hypothecation follows the same steps with prior concurrence of the hypothecator; transfers of securities subject to pledge or hypothecation require pledgee or hypothecatee concurrence. en-us Wed, 10 Apr 2019 12:16:16 +0530 Tue, 24 Dec 2019 11:46:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=36512 Regulation 58 sets a procedural regime for creating, recording, cancelling and invoking a pledge or hypothecation in dematerialised securities: a beneficial owner applies through its participant which verifies availability; the depository records the pledge after pledgee concurrence and notifies participants; refusals must be reasoned; cancellations require application and pledgee concurrence; on invocation the depository registers the pledgee as beneficial owner and informs participants to amend records; hypothecation follows the same steps with prior concurrence of the hypothecator; transfers of securities subject to pledge or hypothecation require pledgee or hypothecatee concurrence. Act-Rules SEBI Wed, 10 Apr 2019 12:16:16 +0530 https://www.taxtmi.com/acts?id=36512