Depositories Act : Registration of transfer of securities with depository. Indian Bare Acts :

Depositories Act,1996

Act No : 22

Section : Registration of transfer of securities with depository.

7. Registration of transfer of securities with depository. (1) Every depository shall, on receipt of intimation from a participant, register the transfer of security in the name of the transferee. (2) If a beneficial owner or a transferee of any security seeks to have custody of such security, the depository shall inform the issuer accordingly. 3