Unit V · Law of Investments and Securities

Depository, participant and beneficial owner

Study aid only. Confirm statute numbers with the current bare Act and the official OU LL.B. (3-YDC) 2024–25 syllabus PDF.

Statute sections

Act / instrument	Section	Name
Depositories Act, 1996	2(1)(a)/(e)/(j)	Beneficial owner, depository and registered owner
Depositories Act, 1996	8	Registration of beneficial owner
Depositories Act, 1996	9	Fungibility
Depositories Act, 1996	10	Rights of depositories and beneficial owner

(2013) 1 SCC 1 · Supreme Court of India

Investor identity, refund and attachment orders depend on a reliable record of who beneficially holds the security.

beneficial-ownership / demat line · Securities Appellate Tribunal

Demat and disclosure defaults are enforced against the person who in substance controls the holding.