Law · Depositories Act, 1996
Under Section 2(1)(a) of the Depositories Act, 1996, a 'beneficial owner' is defined as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A depository participant acting on behalf of a financial exchange
- 2A person whose name is recorded as such with a depository✓
- 3The registered corporate entity that originally issued the security
- 4Any clearance house agent executing transaction processing
Correct answer
A person whose name is recorded as such with a depository
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