law: Depositories Act, 1996 
  14. Option to opt out in respect of any security 
  (1) If a beneficial owner seeks to opt out of a depository in
  
  respect of any security he shall inform the depository accordingly.
  (2) The depository shall on receipt of intimation under
  
  sub-section (1) make appropriate entries in it records and shall inform the
  
  issuer.
  (3) Every issuer shall, within thirty days of the receipt of
  
  intimation from the depository and on fulfillment of such conditions and on
  
  payment of such fees as may be specified by the regulations, issue the
  
  certificate of securities to the beneficial owner or the transferee, as the
  
  case may be.