14 Bye Laws of NSDL

8/8/2019 14 Bye Laws of NSDL

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BYE LAWS

JULY 2005

National Securities Depository Ltd.


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11.9. CONSEQUENCE OF SUSPENSION ........................................................ 47

11.10. CONSEQUENCES OF EXPULSION........................................................ 48

11.11. EXPULSION RULES TO APPLY................................................................ 49

11.12. NOTICE OF SUSPENSION OF BUSINESS ...........................................49

11.13. PROCEDURE FOR CANCELLATION OF AGREEMENTBETWEEN PARTICIPANT AND DEPOSITORY ................................. 49

12. APPEALS ................. ........................ ........................ ......................... ............ 50

12.1. RIGHT OF APPEAL ....................................................................................... 5012.2. PROCEDURE FOR APPEAL ....................................................................... 50

12.3. CONSIDERATION OF APPEAL ............................................................... 5012.4. RECORD............................................................................................................. 50

13. CONCILIATION......................................................................................... 51

14. ARBITRATION ........................................................................................... 52

14.1. CLAIMS, DIFFERENCE AND DISPUTES BETWEENPARTICIPANTS INTER SE AND BETWEEN

PARTICIPANTS AND CLIENTS.................................................................5214.2. CLAIMS, DIFFERENCES, DISPUTES WHERE THE

DEPOSITORY IS A PARTY ..........................................................................5314.3. GENERAL PROVISIONS APPLICABLE TO ALL

ARBITRATIONS AS PROVIDED FOR IN THIS CHAPTER ............ 53

LIST OF ANNEXURES

Annexure Description

A Agreement between Depository Participant andNational Securities Depository Ltd.

B Agreement between Depository Participant and the person seekingto open an account with the Depository Participant

C * List of securities

D Tripartite Agreement between the Issuer, Registrar and the

National Securities Depository Ltd.

* Deleted w.e.f November 17, 2000 Consequent to amendment in Bye Law 8.1.


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obligations and liabilities of the parties thereto and including any question of whethersuch dealings, transactions, agreements and contracts have been entered into or not,

shall be subject to the exclusive jurisdiction of the Courts at Mumbai only.

IN WITNESS WHEREOF all the parties to this Agreement have caused their

presents to be executed as of the day and the year first above written.

Witnessed By

(Signed For & On Behalf of the Issuer)

Witnessed By(Signed For & On Behalf of the R & T Agent)

Witnessed By(Signed For & On Behalf of NSDL)

Date :

Place :

14 Bye Laws of NSDL

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