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    Question

    A __________shall be deemed to be the registered owner for the purposes of effecting transfer of ownership of security on behalf of a beneficial owner as per the Depositories Act

    A Depository Correct Answer Incorrect Answer
    B SEBI Correct Answer Incorrect Answer
    C SAT Correct Answer Incorrect Answer
    D Central Government Correct Answer Incorrect Answer
    E Recognised stock exchange Correct Answer Incorrect Answer

    Solution

    Section 10.  Rights of depositories and beneficial owner: (1) Notwithstanding anything contained in any other law for the time being in force, a depository shall be deemed to be the registered owner for the purposes of effecting transfer of ownership of security on behalf of a beneficial owner.

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