Section 17: Inspection of the central depository register

17. Inspection of the central depository register.—(1) The central depository register shall, to the extent that it records the holdings of book­entry securities representing securities of an issuer, be open to inspection at the registered or head office of the issuer in the same manner and to the extent provided in any law for the time being in force pursuant to or by which such issuer was established or is governed. Explanation.—For the purposes of this sub­section, the expression “law” shall include any rules or regulations governing such issuer. ­ (2) The information made available upon any request for inspection under sub­section (1) shall be correct as of the close of business hours of the central depository on its first working day in the month preceding the month in which the request for inspection is made: Provided that where any closure of the register of members or debenture holders or of the holders of any other equity or non­equity securities of the issuer has occurred subsequent to the first working day of the central depository in the month preceding the month in which the request for inspection is made, the information made available upon any request for inspection shall be correct as of the close of business hours of the central depository on the day before the first day of the latest period of closure of register of members on debenture holders or of the holders of any other equity or non­equity securities, as the case may be, of the issuer : Provided further that where notice of a general meeting of the members or debenture holders or of the holders of any other equity or non­equity securities of the issuer has been issued, the information made available upon any request for inspection under sub­section (1) shall be correct as of the close of business hours of the central depository on the third day before the date of receiving the request for inspection.

Effective date: 1997-01-01

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