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CMA Final · Corporate and Economic Laws · SEBI Laws and Regulations

Which of the following matters is expressly listed in Section 26(2) of the Depositories Act, 1996 as one on which a depository's bye-laws shall provide?

The bye-laws must provide for the procedure for resolving disputes involving the depository, issuer, company or a beneficial owner. Brokerage rates, public issue pricing and penalties on listed companies are not in the list of bye-law matters in Section 26(2).

  1. AThe rate of brokerage that stock brokers may charge investors
  2. BThe procedure for resolving disputes involving a depository, issuer, company or a beneficial ownerCorrect
  3. CThe pricing of public issues of securities by companies
  4. DThe penalty to be imposed on listed companies for late disclosures

Explanation

Section 26(2)(n) lists the procedure for resolving disputes involving the depository, issuer, company or beneficial owner. Brokerage, issue pricing and penalties on listed companies are not matters in that list.

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