The Depositories Act

Agreement between depository and participant

Services of depository

Surrender of certificate of security

Registration of transfer of securities with depository

Options to receive security certificate or hold securities with depository

Securities in depositories to be in fungible form

Rights of depositories and beneficial owner

Register of beneficial owner

Pledge or hypothecation of securities held in a depository

Furnishing of information and records by depository and issuer

Option to opt out in respect of any security

Act 18 of 1891 to apply to depositories

Depositories to indemnify loss in certain cases

Rights and obligations of depositories, etc


RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS AND BENEFICIAL OWNERS


(1) Subject to the provisions of this Act, the rights
and obligations of the depositories, participants and the issuers whose securities are dealt with by a
depository shall be specified by the regulations.

(2) The eligibility criteria for admission of securities into the depository shall be specified by the
regulations.


LAWGIST

# 17 Rights and obligations of depositories, etc