This document provides an overview of the SEBI regulations for Depository Participants (DPs) in India. It discusses the key constituents of the depository system, including depositories, issuers, beneficial owners, and DPs. It outlines the legal framework governing DPs, including the Depositories Act of 1996, SEBI Regulations of 1996 and 2018, and other relevant laws. It describes the eligibility criteria for entities to become a DP and the process for applying for and obtaining registration from SEBI. The document also discusses various regulatory requirements for DPs regarding their agreements with beneficial owners, maintaining separate accounts, and providing statements of accounts.