Section 2 of DA, 1996 : Section 2: Definitions

Explanation using Example

Let's consider a scenario where Priya has purchased shares of a company called XYZ Ltd. Through her broker, her shares are held in electronic form with a depository known as ABC Depository Services. Here's how the definitions from Section 2 of The Depositories Act, 1996 apply:

• Priya is the "beneficial owner" of the shares because her name is recorded as the owner of those shares with ABC Depository Services.
• The "Board" refers to the Securities and Exchange Board...

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