what are the rights and Obligations of Depository Participants?
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Every depository shall, on receipt of intimation from a participant, register the transfer of security in the name of the transferee.
The beneficial owner shall be entitled to all the rights and benefits and be subjected to all the liabilities in respect of his securities held by a depository.
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Explanation:
(1) Every depository shall, on receipt of intimation from a participant, register the transfer of security in the name of the transferee. ... (3) The beneficial owner shall be entitled to all the rights and benefits and be subjected to all the liabilities in respect of his securities held by a depository.
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