DEPOSITORIES ACT, 1996

 

Chapter I

Preliminary

 

·                    Short title, extent and commencement.

·                    Definitions

Chapter II

Certificate of Commencement of Business

 

·                    Certificate of commencement of business by depositories.

 

CHAPTER III

RIGHTS AND OBLIGATIONS OF DEPOSITORIES,

PARTICIPANTS, ISSUERS AND BENEFICIAL OWNERS

 

·                    Agreement between depository and participant.

·                    Services of depository.

·                    Surrender of certificate of security.

·                    Registration of transfer of securities with depository.

·                    Options to receive security certificate or hold securities with depository.

·                    Securities in depositories to be in fungible form.

·                    Rights of depositories and beneficial owner.

·                    Register of beneficial owner.

·                    Pledge or hypothecation of securities held in a depository.

·                    Furnishing of information and records by depository and issuer.

·                    Option to opt out in respect of any security.

·                    Act 18 of 1891 to apply to depositories.

·                    Depositories to indemnify loss in certain cases.

·                    Rights and obligations of depositories, etc.

CHAPTER IV

ENQUIRY AND INSPECTION

·                    Power of Board to call for information and enquiry.

·                    Power of Board to give directions in certain cases.

·                    Penalty for failure to furnish information, return, etc.

·                    Penalty for failure to enter into an agreement.

·                    Penalty for failure to redress investors’ grievances.

·                    Penalty for delay in dematerialisation or issue of certificate of securities.

·                    Penalty for failure to reconcile records.

·                    Penalty for failure to comply with directions issued by Board under section 19 of the Act.

·                    Penalty for contravention where no separate penalty has been provided.

·                    Power to adjudicate.

·                    Factors to be taken into account by adjudicating officer.

·                    Crediting sums realised by way of penalties to Consolidated Fund of India.

Chapter V

Penalty

·                    Offences.

·                    Offences by companies.

CHAPTER VI

MISCELLANEOUS

·                    Cognizance of offences by courts.

·                    Composition of certain offences.

·                    Power to grant immunity.

·                    Appeals.

·                    Appeal to Securities Appellate Tribunal.

·                    Procedure and powers of Securities Appellate Tribunal.

·                    Right to legal representation.

·                    Limitation.

·                    Civil court not to have jurisdiction.

·                    Appeal to Supreme Court.

·                    Power of Central Government to make rules.

·                    Power of Board to make regulations.

·                    Power of depositories to make bye-laws.

·                    Rules and regulations to be laid before Parliament.

·                    Application of other laws not barred.

·                    Removal of difficulties.

·                    Amendments to certain enactments.

·                    Repeal and saving.