Section 3: Certificate of commencement of business by depositories.

Q: What does Section 3 of The Depositories Act, 1996 (TDA) deal with?

Section 3 TDA pertains to "Certificate of commencement of business by depositories.". It is part of the The Depositories Act, 1996, a legislation enacted by the Parliament of India. Section 3 of The Depositories Act, 1996 (TDA) governs certificate of commencement of business by depositories. As verified on 19 May 2026.

Q: Is Section 3 TDA still in force?

Yes, Section 3 of the The Depositories Act, 1996 is currently in force across the Republic of India.

Q: What is धारा 3 TDA?

धारा 3 TDA is the Devanagari Hindi reference for Section 3 of the The Depositories Act, 1996. Section 3 of The Depositories Act, 1996 (TDA) governs certificate of commencement of business by depositories. As verified on 19 May 2026.

Q: What is Dhara 3 TDA?

Dhara 3 TDA is the Roman Hindi reference for Section 3 of the The Depositories Act, 1996. "Dhara" means "Section" in Hindi. Section 3 of The Depositories Act, 1996 (TDA) governs certificate of commencement of business by depositories. As verified on 19 May 2026.

Q: How to cite Section 3 of The Depositories Act, 1996?

Cite as: "Section 3, The Depositories Act, 1996 (TDA)" in legal briefs. For academic writing, use the BlueBook format: The Depositories Act, 1996, § 3 (India).

Law on Tips Editorial Board

(1) No depository shall act as a depository unless it obtains a certificate of commencement of business from the Board.
(2) A certificate granted under sub-section (1) shall be in such form as may be specified by the regulations.
(3) The Board shall not grant it certificate under sub-section (1) unless it is satisfied that the depository has adequate systems and safeguards to prevent manipulation of records and transactions:
Provided that no certificate shall be refused under this section unless the depository concerned has been given a reasonable opportunity of being heard.