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.