# The Depositories Act, 1996, Section 9: Securities in depositories to be in fungible form

- Act: The Depositories Act, 1996 (Act 22 of 1996)
- In force from: 1995-09-20
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/depositories-act-1996/section/9/

## Text

(1) All securities held by a depository shall be dematerialised and shall be in a fungible form. 1 [(2) Nothing contained in sections 153, 153A, 153B, 187B, 187C and 372 of the Companies Act, 1956 (1 of 1956) shall apply to a depository in respect of securities held by it on behalf of the beneficial owners.]

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