Depositories Act 1996:

Central law

Imp Defn.

Beneficial owner – a person who’s name is recorded as such with a depository

Board – means sebi

Company law board – CLB means board of company law administration constituted under companies
act.

Depository – means a company formed & registered under companies act & which has been granted a
certificate of registration by sebi.

Issuer – means any person making issue of securities.

Participant – means a person registered as such under sebi.

Securities applet tribunal (SAT)

Security – means such security as such specified by board.

Main Provisions

Certificate of commencement of business by depository.