Section 7. A Depository shall   
(a) facilitate the admittance of securities into the central securities depository.                                       
(b) facilitate the deposit and withdrawal of certificates in respect of securities admitted in the central securities depository                 
(c) facilitate the dematerialisation of securities accounts                                                                                                                           
(d) open, maintain and close securities accounts                                                                                                                                             
(e) establish a proper and efficient system for the verification, inspection, identification and recording of book-entry securities with the central depository                                                                                                                                                                             
(f)  facilitate the efficient transfer of book-entry securities                                                                                                                         
(g) facilitate the efficient process of cash payment n exchange for securities                                                                                               
(h) facilitate the registration of dealings in book-entry securities                                                                                                                   
(i) operate securities accounts for the handling of book-entry securities and cash                                                                                     
(j) designate one or more banks as a settlement partner for the settlement of funds in respect of transactions cleared through a depository                                (k) facilitate the efficient collection of fees and other charges may be required                                                                                         
(l) guard against falsification of any records or accounts requires to be kept or maintained under this Act; and                                                                                (m) perform other functions that are necessary to ensure orderly dealings in admitted or dematerialised securities or as the commission may from time to time prescribe