Depositories Act, 1996 alongwith Rules, 1998

This authoritative volume combines the Depositories Act, 1996 and the Depositories Rules, 1998 into a single, practical reference designed for rapid legal lookup and day-to-day operational use. The book reproduces the full statutory text and explains key topics including certificate of commencement for depositories, agreements between depositories and participants, services offered by depositories (dematerialisation, rematerialisation, transfer, settlement facilitation), rights of beneficial owners, transfer and surrender of certificates, pledge and hypothecation mechanisms, and penalty provisions. It also cross-references SEBI’s Depositories & Participants regulations and depository operating rules (as enforced through NSDL/CDSL) plus SEBI master-circular guidance to help compliance officers, DPs and market intermediaries implement procedures correctly. Useful annexures include sample DP agreements, statutory forms, checklists for KYC/beneficial owner documentation, and an amendment chronology (including IFSC/other statutory modifications) so users can quickly determine currency of obligations. Compact, authoritative and practice-oriented, this edition is ideal for brokers, depository participants, company secretaries, lawyers in securities law, auditors and academics studying India’s move to electronic securities markets.