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.
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.
Provisions expressly mentioned in the judgment/order text.
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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