Inter-Depository Transfer of Beneficial Ownership of Securities

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.... in any other law, a depository shall be deemed to be registered owner for the purposes of effecting transfer of ownership of securities on behalf of beneficial owner. As per the provisions of sub-section (2) of section 111A of the Companies Act, 1956, as amended by the Depositories Act of 1996, shares or debentures and any interest therein of a company are freely transferable. Regulation 31....

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....positories Act are issued to the issuers whose securities have been dematerialised and to their registrars and share transfer agents : "Inter-depository transfer of beneficial ownership of securities shall be effected by the depositories only after the change in registered ownership in favour of the transferee-depository has been effected by the issuer-company or the registrar and share transfe....