section 9
Securities in depositories to be in fungible form.
The Depositories Act, 1996Corporate199660 sections5 chapters
Chapter III RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS AND BENEFICIAL OWNERS
Statutory text
- (1) All securities held by a depository shall be dematerialised and shall be in a fungible form. 1 [(2) Nothing contained in sections 153, 153A, 153B, 187B, 187C and 372 of the Companies Act, 1956 (1 of 1956) shall apply to a depository in respect of securities held by it on behalf of the beneficial owners.]
Study data processing for this section.
PDF: pending for this language.