Dematerialisation requirement makes securities in depositories fungible and exempts certain company law provisions for beneficial owners. Securities held by a depository must be dematerialised and kept in a fungible form, and certain company-law provisions are declared not to apply to a ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Dematerialisation requirement makes securities in depositories fungible and exempts certain company law provisions for beneficial owners.
Securities held by a depository must be dematerialised and kept in a fungible form, and certain company-law provisions are declared not to apply to a depository in respect of securities held by it on behalf of beneficial owners, thereby creating a specific statutory exemption for depository-held securities.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.