Option to hold securities with depository requires issuer notification so depository records the allottee as beneficial owner. Subscribers may either receive physical security certificates or hold securities with a depository; when the latter is chosen the issuer must notify the ... Summary
Option to hold securities with depository requires issuer notification so depository records the allottee as beneficial owner.
Subscribers may either receive physical security certificates or hold securities with a depository; when the latter is chosen the issuer must notify the depository of allotment details and the depository, on receipt, must enter the allottee as the beneficial owner in its records.
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