https://www.taxtmi.com/caselaws?id=422553 In a pledge of dematerialised securities, invocation of the pledge and registration of the pledgee as beneficial owner under Regulation 58 do not amount to an actual sale and do not extinguish the pawnor's right of redemption. The Depositories Act, 1996 and Regulation 58 operate alongside, not in derogation of, Sections 176 and 177 of the Contract Act, so reasonable notice before sale and compliance with the lawful sale process remain necessary. The depository mechanism regulates enforcement of pledged shares, but the pledgee cannot treat itself as having realised the security merely through invocation or self-registration. en-us Thu, 12 May 2022 00:00:00 +0530 Tue, 17 May 2022 13:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422553 In a pledge of dematerialised securities, invocation of the pledge and registration of the pledgee as beneficial owner under Regulation 58 do not amount to an actual sale and do not extinguish the pawnor's right of redemption. The Depositories Act, 1996 and Regulation 58 operate alongside, not in derogation of, Sections 176 and 177 of the Contract Act, so reasonable notice before sale and compliance with the lawful sale process remain necessary. The depository mechanism regulates enforcement of pledged shares, but the pledgee cannot treat itself as having realised the security merely through invocation or self-registration. Case-Laws SEBI Thu, 12 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422553