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Since the depository would be a registered owner of securities in the depository, will a transaction involving dematerialised securities be considered as Benami transactions?

April 26, 2017benami dematerialised Depository involving owner registered securities transaction transactions

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Since the depository would be a registered owner of securities in the depository, will a transaction involving dematerialised securities be considered as Benami transactions?

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The Benami Transactions (Prohibition) Act, 1988 have been suitably modified to exclude the securities held by a: • Depository as a registered owner • DP as an agent of the depository