SEBI (DEPOSITORIES & PARTICIPANTS) REGULATIONS,1996:Section 25 of the Depositories Act,1996 read with Section 30 of SEBI Act,1992 empowers SEBI

to make regulations for carrying out the purpose of the Act , by notification in the Official Gazette. The regulation may, inter alia ,provide for : The requirements to be compiled with by a person for seeking registration as a Depository with SEBI under SEBI Act, 1992. The requirements for registration of a person as a participant under SEBI Act. The requirements for grant of certificate of commencement of business by depositories in the form in which the certificate of commencement of business has to be issued. The manner in which the certificate of security shall be surrendered to the issuer by any investor who is desirous of availing Depository Services.

 The manner of creating a pledge or hypothecation in respect of security owned by a beneficial owner ; The conditions and the fees payable with respect to the issue of certificate of securities to the beneficial owner where the beneficial owner seeks to opt out of the depository. The rights and obligations of the depositories, participants and the issuers whose securities are dealt with by a depository The eligibility criteria for admission of securities into the depository.