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    <title>Liability for action in case of default by issuer or its agent</title>
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    <description>Regulation 64A authorises the regulator to take action under the Depositories Act against issuers or their agents who breach depository laws or directions, fail to furnish or furnish false material information, or do not cooperate with inspections or enquiries; it also requires the depository to inspect issuer/agent records to ensure reconciliation of dematerialised securities with issued securities and to report reconciliation failures to the regulator.</description>
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      <description>Regulation 64A authorises the regulator to take action under the Depositories Act against issuers or their agents who breach depository laws or directions, fail to furnish or furnish false material information, or do not cooperate with inspections or enquiries; it also requires the depository to inspect issuer/agent records to ensure reconciliation of dematerialised securities with issued securities and to report reconciliation failures to the regulator.</description>
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