In force · As amended up to 2026-08
9. Securities in depositories to be in fungible form.— (1) All securities held by a depository shall be dematerialised and shall be in a fungible form.
[1] [(2) Nothing contained in sections 153, 153A, 153B, 187B, 187C and 372 of the Companies Act, 1956 (1 of 1956) shall apply to a depository in respect of securities held by it on behalf of the beneficial owners.]
Source: India Code