The Depositories Act, 1996 (Act No. 22 of 1996) is an act of the Parliament of India. It provides the legal framework for the regulation of depositories in India, which hold securities in dematerialized (electronic) form, and for matters related to them.
It aims to simplify securities ownership transfer, reduce paperwork, and enhance transparency and investor trust in the securities market.
Amendments It is amended by various acts over the years, which includes the following: +Amending ActAmendmentDepositories Related Laws (Amendment) Act, 1997substituted sub-section 2 of sec. 9Securities Laws (Second Amendment) Act, 1999definition for “Securities Appellate Tribunal”, amendment in sec. 23, inserted sec. 23ARepealing and Amending Act, 2001Rep. sec. 30 and sched.Securities Laws (Amendment) Act, 2004Securities Laws (Amendment) Act, 2014Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act, 2016Finance Act, 2017Finance Act, 2018International Financial Services Centres Authority Act, 2019
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