62. In addition to the requirements under other laws in force, a market infrastructure institution shall maintain and preserve all the books, registers, other documents and records relating to the issue or transfer of its securities in electronic retrieval form for a minimum of twenty years. =============... ... ...

CHAPTER VI MISCELLANEOUS 61. A recognised market infrastructure institution shall maintain a website or any other universally accessible repository of electronic information to: (a) publish all information that it is obliged to publish under these regulations; (b) provide a copy of all rules, regulations, bye-laws made and all guidance issued, including all amendments therein; (c) provide information about the manner in which applications to be made for membe... ... ...

60. A recognised depository shall ensure equal, unrestricted, transparent and fair access to all persons without any bias towards its associates and related entities. =============... ... ...

59. A recognised depository shall have in its bye-laws, the procedure for creation of pledge by beneficial owners on a security owned by it. =============... ... ...

58. A recognised depository shall extend all such co-operation to the beneficial owners, issuers, issuers' agents, custodians of securities, other depositories and clearing corporations as is necessary for the effective, prompt and accurate clearance and settlement of securities transactions and conduct of business. =============... ... ...

57. (1) A recognised depository shall maintain the following records and documents, namely - (a) records of securities dematerialised and rematerialised; (b) the names of the transferor, transferee, and the dates of transfer of securities; (c) a register and an index of beneficial owners; (d) details of the holding of the securities of beneficial owners as at the end of each day; (e) records of instructions received from and sent to participants, ... ... ...

56. A recognised depository shall have in place Site to maintain data and transaction integrity in the manner as may be specified by the Authority from time to time. =============... ... ...

55. A recognised depository shall have a sound risk management system and infrastructure for comprehensively managing risks. =============... ... ...

54. A recognised depository shall allow any participant to withdraw, or transfer its account, if the request for such withdrawal or transfer is in accordance with conditions stipulated in the bye-laws of the depository. =============... ... ...

53. A recognised depository shall take adequate measures including insurance to protect the interests of the beneficial owners against risks likely to be incurred on account of its activities as a recognised depository. =============... ... ...

52. A recognised depository shall have a mechanism in place to ensure that the interests of the persons buying and selling securities held in the depository are adequately protected. =============... ... ...

51. A recognised depository shall maintain continuous electronic means of communication with all its participants, issuers or issuers' agents, clearing houses and clearing corporations of the stock exchanges and with other depositories. =============... ... ...

50. A recognised depository shall cause an inspection of its controls, systems, procedures and safeguards to be carried out annually and forward a copy of the report to the Authority. =============... ... ...

49. (1) A recognised depository shall ensure that the integrity of the automatic data processing systems is maintained at all times. (2) A recognised depository shall take all precautions necessary to ensure that the records are not lost, destroyed or tampered with and in the event of loss or destruction, ensure that sufficient back up of records is available at all times at a different place. =============... ... ...

48. A recognised depository shall have adequate mechanisms for the purposes of reviewing, monitoring and evaluating the depository's controls systems, procedures and safeguards. =============... ... ...

47. A recognised depository shall have systems and procedures which will enable it to co-ordinate with the issuer or its agent, and the participants, to reconcile the records of ownership of securities on a daily basis. =============... ... ...

46. (1) Either on the issuer or on the investor exercising an option to hold his securities with a recognised depository in dematerialised form, the issuer shall enter into an agreement with the depository to enable the investor to dematerialise the securities: Provided that no agreement shall be required to be entered into where the depository itself is an issuer of securities: Provided further that no such agreement shall be required to be entered into where the Central Government of... ... ...

45. A recognised depository shall enter into an agreement with one or more participants as its agent. =============... ... ...

CHAPTER V GENERAL OBLIGATIONS OF A RECOGNISED DEPOSITORY 44. All securities defined under the SCRA and other eligible instruments under IFSCA Act shall be eligible for being held in dematerialised form in a recognised depository. =============... ... ...

43. The right of a recognised clearing corporation to recover the dues from its clearing members, arising from the discharge of their clearing and settlement functions, from the collaterals, deposits and the assets of the clearing members, shall have priority over any other liability of or claim against the clearing members. =============... ... ...