Depositories Act 1996

India - Depositories Act 1996

Depositories Act provides for the regulation of depositories in securities and matters connected there with in India.

Depositories Act provides for registration of depositories from the Securities and Exchange Board of India (Board).

The enactment of Depositories Act in August 1996 paved the way for establishment of National Securities Depository Limited (NSDL), the first depository in India. It went on to established infrastructure based on international standards that handles most of the securities held and settled in de-materialised form in the Indian capital markets.

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NSDL Website - https://nsdl.co.in/

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