Question
As per Section 12 of the Depositories Act, 1996, a
beneficial owner may create a pledge or hypothecation in respect of a security owned by him through a depository, only with the previous approval of:Solution
This provision is governed by Section 12 of the Depositories Act, 1996, which deals with the "Pledge or hypothecation of securities held in a depository." 1. The Statutory Requirement (Section 12(1)) The Act specifically outlines the authority required to create a pledge. It states: "Subject to such regulations and bye-laws, as may be made in this behalf, a beneficial owner may with the previous approval of the depository create a pledge or hypothecation in respect of a security owned by him through a depository." 2. The Process Flow: • Intimation: The beneficial owner (investor) gives intimation of the pledge to the depository. • Recording: The depository then makes entries in its records (Section 12(2)). • Evidence: These entries in the depository's records serve as legal evidence of the pledge (Section 12(3)).
Total population of city P and Q is 3410 and 4620 respectively. If the ratio of number of males to females in city is P and Q is 7:4 and 4:3 respectivel...
- Mixture X has milk and water in the ratio 5:3, while mixture Y has them in the ratio 4:5. 64 litres of X and 45 litres of Y are combined. What is the ratio...
- Let’s assume, ‘p’ is directly proportional to ‘q’. Given that when p = 88, q = 44, calculate the value of ‘p’ when ‘q’ becomes 66.
- A bag contains red and yellow marbles in the ratio 4:5, respectively. Also, the ratio of yellow to green marbles is 1:3. If the total number of marbles in ...
A sum of Rs 31866 is divided between A, B and C such that the ratio of shares of A and B is 9:8 and that of A and C is 4:5. The share (in RS) of B is:
If ₹16,800 is distributed among ‘P’, ‘Q’, ‘R’, and ‘S’ in the ratio 5:6:4:5, then what will be the share of ‘Q’?
...If ‘X’, ‘Y’ and ‘Z’ are in proportion in the same order and ‘X’ = 36 and ‘Y’ = 54, then find the value of ‘Z’.
...An amount of Rs. 2,100 is divided among D, E, and F in the ratio 5:4:6. Find the difference between the amount received by D and E together and E and F ...
In a showroom, 65% of the vehicles are two-wheelers and the remaining are four-wheelers. Find the ratio of the number of wheels of two-wheelers to that ...
- There are 1000 students in a school. The boys to girls ratio is 4:6. If 7 out of every 10 boys pass, and 6 out of every 9 girls pass, find the total number...
