# 12 Pledge or hypothecation of securities held in a depository
(1) Subject to such regulations and bye-laws, as may be made in this behalf, a beneficial owner may with the previous approval of the depository create a pledge or hypothecation in respect of a security owned by him through a depository.
(2) Every beneficial owner shall give intimation of such pledge or hypothecation to the depository and such depository shall thereupon make entries in its records accordingly.
(3) Any entry in the records of a depository under sub-section (2) shall be evidence of a pledge or hypothecation.
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RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS AND BENEFICIAL OWNERS
8
Options to receive security certificate or hold securities with depository9
Securities in depositories to be in fungible form10
Rights of depositories and beneficial owner11
Register of beneficial owner13
Furnishing of information and records by depository and issuer14
Option to opt out in respect of any security15
Act 18 of 1891 to apply to depositories
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