Under section 2(1)(a) of the Depositories Act, 1996, what is a person whose name is recorded with a depository as the holder of securities in dematerialised form called?

Section 2(1)(a) of the Depositories Act, 1996 defines a beneficial owner as a person whose name is recorded as such with a depository. By section 10(1), it is the depository that is deemed the registered owner, and only for effecting transfers on the beneficial owner’s behalf; the beneficial owner keeps the rights and liabilities attached to the securities.