Question
Who will indemnify the beneficial owner in case of
negligence caused by the depository or participant?Solution
Section 16 of Depositories Act Depositories to indemnify loss in certain cases—(1) Without prejudice to the provisions of any other law for the time being in force, any loss caused to the beneficial owner due to the negligence of the depository or the participant, the depository shall indemnify such beneficial owner. (2) Where the loss due to the negligence of the participant under sub-section (1) is indemnified by the depository, the depository shall have the right to recover the same from such participant.
Which youth-focused educational initiative was launched by Amazon in Bengaluru to promote STEM learning?
Which agency is organising the anti-terror conference in Delhi where details of India’s first anti-terror policy will be shared?
Who is the author of the book "The India Story," which focuses on India's economic history and lessons for its political economy?
Which mission launched by India aims to boost cruise tourism by 2029?
Which state has planned the genetic enhancement of its indigenous Badri cow?
When is the deadline for submitting the completed ITBS survey schedule for 2023-24?
_______ will invest Rs 1.05 trillion into cloud infrastructure in India by 2030 as it looks to meet growing customer demand for cloud services in the co...
Under the major revamps been done under CGTMSE Scheme by the Ministry of MSME,·ceiling for guarantee is raised from ₹2 crore to ____and enhances th...
What is the name of the new capital of Indonesia?
What is the total investment commitment made by EFTA nations to India under the TEPA agreement?
