Question
If any loss is caused to the beneficial owner due to
the negligence of the depository or the participant.Solution
Section 16 of Depository Act - Depositories to indemnify loss in certain cases. Without prejudice to the provisions of any other law for the time being in force, any loss caused to the beneficial owner due to the negligence of the depository or the participant, the depository shall indemnify such beneficial owner. (2) Where the loss due to the negligence of the participant under sub-section (1) is indemnified by the depository, the depository shall have the right to recover the same from such participant.
What is "Operation Ajay" associated with?
What was the mascot for the 7th Khelo India Youth Games 2025?
Identify the correct statements about the PSLV rocket:
1. It is a four-stage launch vehicle.
2. Its success rate is 100%.
3. It is ...
Which bank has partnered with the Institute of Rural Management Anand (IRMA)to enhance and expedite the advancement of financial inclusion (FI) and fi...
Who has been appointed as the new chairperson of the National Human Rights Commission (NHRC) in 2024?
Bade Ghulam Ali Khan, a Hindustani classical vocalist, belonged to which of the following Gharanas?
Consider the following statements about fiscal deficit:
1. Fiscal deficit is the difference between total revenue and total expenditure of the go...
Valmiki Tiger Reserve forms the easternmost extent of the Himalayan Terai forests in India, it is the only tiger reserve in which state?
Which is the smallest state in India by area?
Recently, Reality tech firm unveiled a digital twin of Mohammed QuliQutb Shah’s tomb in which city?