https://www.taxtmi.com/caselaws?id=465061 A depository's responsibility for pledge transactions is limited to its statutory and contractual role: where a pledge is created before any freeze order, and the framework only requires refusal if securities are already restrained, failure to police broker-client debit balances or obtain client authorisations does not amount to a breach. Uniform account nomenclature requirements may be satisfied by functional tagging and sub-status coding where the circular's purpose is substantially implemented, even if the account name is not changed in the exact prescribed form. Pre-existing pledges may also be invoked after a later freeze unless the order or bye laws expressly prohibit that course. en-us Mon, 24 Jul 2023 00:00:00 +0530 Wed, 03 Dec 2025 15:52:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465061 A depository's responsibility for pledge transactions is limited to its statutory and contractual role: where a pledge is created before any freeze order, and the framework only requires refusal if securities are already restrained, failure to police broker-client debit balances or obtain client authorisations does not amount to a breach. Uniform account nomenclature requirements may be satisfied by functional tagging and sub-status coding where the circular's purpose is substantially implemented, even if the account name is not changed in the exact prescribed form. Pre-existing pledges may also be invoked after a later freeze unless the order or bye laws expressly prohibit that course. Case-Laws SEBI Mon, 24 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465061