Option to opt out in respect of any security
Section 14 of the Depositories Act, 1996 deals with option to opt out in respect of any security. If a beneficial owner seeks to opt out of a depository in respect of any security he shall inform the depository accordingly. The Act came into force on 20 Sep 1995.
(1) If a beneficial owner seeks to opt out of a depository in respect of any security he shall inform the depository accordingly.
(2) The depository shall on receipt of intimation under sub-section (1) make appropriate entries in its records and shall inform the issuer.
(3) Every issuer shall, within thirty days of the receipt of intimation from the depository and on fulfilment of such conditions and on payment of such fees as may be specified by the regulations, issue the certificate of securities to the beneficial owner or the transferee, as the case may be.
Section 14, The Depositories Act, 1996 (Act 22 of 1996).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Referred to by 1
Questions about Section 14
What does Section 14 of the Depositories Act deal with?
Section 14 of the Depositories Act is headed "Option to opt out in respect of any security". If a beneficial owner seeks to opt out of a depository in respect of any security he shall inform the depository accordingly.
How do I find court cases under Section 14 of the Depositories Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Depositories Act 1996 14, section 14 Depositories Act 1996, section 14 of the Depositories Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 14 of the Depositories Act, and has it changed?
1 other provision in this corpus refers back to it.
When did Section 14 of the Depositories Act come into force?
Section 14 of the Depositories Act, cited as Depositories Act 1996 14, came into force on 20 Sep 1995, having been enacted on 10 Aug 1996. It is in force as at the date shown on this page.
Other sections of this Act
- 19-IB. Recovery of amounts590 words
- 19-IC. Continuance of proceedings382 words
- 26. Power of depositories to make bye-laws377 words
- 2. Definitions349 words
- 19H. Power to adjudicate314 words
- 23A. Appeal to Securities Appellate Tribunal284 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 15 Oct 2026. This page is not a substitute for legal advice.