Depositories Act definition
Examples of Depositories Act in a sentence
The Debentures shall be issued to the Debenture Holders in a dematerialized form by following the procedure stipulated for issuance of the Debentures in demat form in accordance with the Depositories Act, 1996 and the rules and regulations framed thereunder, and other Applicable Laws, as amended and/or supplemented from time to time.
For the purposes of this sub-clause, ‘securities laws’ mean the SEBI Act, 1992, the Securities Contracts (Regulation) Act, 1956, the Depositories Act, 1996 and the provisions of the Companies Act, 1956 which are administered by SEBI under section 55A thereof, the rules, regulations, guidelines etc.
The Debenture Holder(s) who hold the Debentures in dematerialized form will deal with the same as per the provisions of the Depositories Act, 1996, the regulations thereunder and the rules and bye-laws of the Depository.
The Debenture Holder will own the Debentures in dematerialised form and deal with the same as per the provisions of Depositories Act, 1996 and rules and regulations as notified by the relevant Depository from time to time.
AND WHEREAS the Securities are / Additional Securities shall be in dematerialized state in terms of the ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇ (“Depositories Act”) and the Depositories and Participants Regulations, 1996 (“Depositories Regulations”) and I/We am/are executing this Power of Attorney without in any way affecting the legal rights of the Lender as pledgee under the Depositories Act and the Depositories Regulations or otherwise howsoever in law.