Registration of transfer of securities with depository.

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..... [ (1A) Every depository on receipt of intimation from a participant register any transfer of security in favour of an asset reconstruction company as defined in clause (ba) of sub-section (1) of section 2 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002) along with or consequent upon transfer or assignment of financial asset of .....

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..... (1) of section 2 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002). ] (2) If a beneficial owner or a transferee of any security seeks to have custody of such security the depository shall inform the issuer accordingly. *************** NOTES:- 1. Inserted vide The Enforcement of Security Interest And Recovery Of Debts Laws And M .....

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