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<h1>Securities holders can choose physical certificates or electronic depository holding with proper record-keeping requirements</h1> Every person subscribing to securities has the option to either receive physical security certificates or hold securities with a depository. When choosing depository holding, the issuer must inform the depository of allotment details, and the depository records the allottee as the beneficial owner. This provision establishes dual holding mechanisms for securities, allowing investors flexibility in custody arrangements while ensuring proper record-keeping through depositories when the electronic holding option is selected.