Question
Who will indemnify the beneficial owner in case of
negligence caused by the depository or participant?Solution
Section 16 of Depositories Act Depositories to indemnify loss in certain cases—(1) 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.
Who is regarded as the father and founder of PRL (Physical Research Laboratory)?
Which organization was set up to manage the Investor Education and Protection Fund?
At the 17th Pravasi Bhartiya Divas Convention Centre, the Madhya Pradesh government has signed _____ number of MoU’s with different countries.
Which hill station is often called the "Mini Switzerland of India"?
Which celestial body contains abundant quantities of helium-3, a potential source of energy?
What is the chemical formula for ozone?
Recently test-fired nuclear-capable ballistic missile Agni-V has the range of?
When is World In Vitro Fertilization (IVF) Day observed globally to promote awareness of IVF technologies?
Who articulated the 'Drain Theory', stating that the economic troubles of India were due to the constant drain of wealth to Britain?
Where is the G 20 Foreign Ministers Meeting 2022 held on 7th - 8th July, 2022?
