Regulation 29 - Agreement between depository and issuer - Securities And Exchange Board of India (Depositories And Participants) Regulations, 1996

Agreement between depository and issuer. 29. 1 [(1) Either on the issuer or on the investor exercising an option to hold his securities with a depository in dematerialised form, the issuer shall enter into an agreement with the depository to enable the investor to dematerialise the securities:] 2 [Provided that no agreement shall be required to be entered into where the depository itself is an issuer of securities :] 3 [Provided further that no such agreement shall be required to be entered into where the State or the Central Government is the issuer of Government securities.] (2) Where the issuer has appointed a Registrar to the Issue or Share Transfer Agent, who has been granted certificate of registration by the Board under sub-section (1) of section 12 of the Act, the depository shall enter into a tripartite agreement with the issuer and the Registrar to the Issue or Share Transfer Agent, as the case may be, in respect of the securities to be declared by the depository as eligible to be held in dematerialised form. ************ 1 Substituted by the SEBI (Depositories and Participants) (Amendment) Regulations, 1997, w.e.f. 7-2-1997. 2 Inserted by the SEBI (Depositories and Participants) (Second Amendment) Regulations, 1997, w.e.f. 5-9-1997. 3 Inserted by the SEBI (Depositories and Participants) (Second Amendment) Regulations, 1998, w.e.f. 21-1-1998.