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    <title>Securities in Depositories to be in Fungible Form</title>
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    <description>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.</description>
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      <description>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.</description>
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