Regulatory Alerts2026-01-01
The Securities (Central Securities Depository) Regulations, 1999
The Securities Commission issued these regulations to establish the legal framework for licensed central securities depositories under the Securities Act. The rules define account structures, vest title in account holders, and deem them as members or owners of issuers for voting and distribution purposes. The regulations further mandate depository liability for errors, protect against negligence suits, and impose criminal penalties for unauthorized computer access or confidentiality breaches.
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