The Depositories Act was enacted in the year 1956. The main aim behind it is to ensure free and secure transferability among public companies. Any transfer among the companies must be done with speed, accuracy, and secure. All the procedural requirements are done under the companies act and depositories act. The corporate lawyers Kochi http://ggplawpartners.com/ are efficient in secured transferring of all the requirements of a company.
The depositories act also provides regulation of depositories in securities and other related matters. A depository can be debentures, bonds, government, and other securities. A company receiving a depository must be registered under the companies act. According to the guidelines of SEBI, the banks, stockbrokers, custodians, and other financial institutions can act as depositories. They can appoint corporate advocates Kochi for their financial dealings.
All the depository transactions are recorded by the company or institution that performs. Also, a receipt must be given to the participants for future reference. The transactions can occur with long delays. This may be due to the slow and faulty completion of the paperwork, forgery, theft, mutilation of certificates, etc. The corporate lawyers Kochi are experts to do these transactions in possible lesser time.
