Recording of all types of Encumbrances in Depository system

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....akeover) Regulations, 2011 requires promoters of a company to disclose details of their encumbered shares. In this regard, it was observed that apart from pledge, hypothecation and non-disposal undertakings(NDUs), currently there is no framework to capture the details of other types of encumbrances in the depository system. 2. It has now been decided that Depositories shall put in place a syste....

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.... outside the Depository system as outlined herein. 5. The Depositories shall implement the provisions of this circular within one month from the date of this circular. 6. The Depositories are advised to: i. make amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision, as may be applicable/necessary; ii. to carry out system cha....