Section 2 - Definitions - DEPOSITORIES ACT, 1996

Definitions. 2. (1) In this Act, unless the context otherwise requires,- (a) beneficial owner means a person whose name is recorded as such with a depository; (b) Board means the Securities and Exchange Board of India established under section 3 of the Securities and Exchange Board of India Act, 1992 (15 of 1992); (c) bye-laws means bye-laws made by a depository under section 26; (d) Company Law Board means the Board of Company Law Administration constituted under section 10E of the Companies Act, 1956 (1 of 1956); (e) depository means a company formed and registered under the Companies Act, 1956 (1 of 1956), and which has been granted a certificate of registration under sub-section (1A) of section 12 of the Securities and Exchange Board of India Act, 1992 (15 of 1992); (f) issuer means any person making an issue of securities; (g) participant means a person registered as such under sub-section (1A) of section 12 of the Securities and Exchange Board of India Act, 1992 (15 of 1992); (h) prescribed means prescribed by rules made under this Act; (i) record includes the records maintained in the form of books or stored in a computer or in such other form as may be determined by regulations; (j) registered owner means a depository whose name is entered as such in the register of the issuer; (k) regulations means the regulations made by the Board; 1 [ (ka) Securities Appellate Tribunal means a Securities Appellate Tribunal established under sub-section (1) of section 15K of the Securities and Exchange Board of India Act, 1992 (15 of 1992);] (l) security means such security as may be specified by the Board; (m) service means any service connected with recording of allotment of securities or transfer of ownership of securities in the record of a depository. (2) Words and expressions used herein and not defined but defined in the Companies Act, 1956 (1 of 1956), or the Securities Contracts (Regulation) Act, 1956 (42 of 1956), or the Securities and Exchange Board of India Act, 1992 (15 of 1992), shall have the meanings respectively assigned to them in those Acts. *********** 1 Inserted by the Securities Laws (Second Amendment) Act, 1999, Sec 13, w.e.f. 16-12-1999.