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Central Act

9

Section 9. Securities in depositories to be in fungible form.

The Depositories Act, 1996

In forceAll India (Central Act)

9. Securities in depositories to be in fungible form. (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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