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LEGAL FRAMEWORK DEPOSITORY BUSINESS

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The Depository business in India is regulated by: (i) The Depositories Act, 1996 (ii) SEBI (Depositories and Participants) Regulations, 1996 (iii) By Laws of Depositories (iv) Business Rules of Depository  Apart from the above, Depositories are also governed by certain  provisions of:

(i) Companies Act, 2013

(ii) Income Tax Act, 1961

(iii) SEBI Act, 1992

(iv) Securities Contract Regulations Act, 1956

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