Section Text
(1) Every depository shall enter into an agreement with the issuer in respect of securities that are to be declared as eligible to be held in dematerialised form.
(2) Where the issuer has appointed a Registrar to the Issue or Share Transfer Agent, who has been granted certificate of registration by the Board under sub-section (1) ofsection 12-of the Act, the depository shall enter into a tripartite agreement with the issuer and the Registrar to the Issue or Share Transfer Agent, as the case may be, in respect of the securities to be declared by the depository as eligible to be held in dematerialised form.