SECURITIES INDUSTRY (CENTRAL DEPOSITORIES) ACT 1991

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1 PART I PRELIMINARY-1. Short title and commencement.

2 PART I PRELIMINARY-2. Interpretation.

3 PART II CENTRAL DEPOSITORY-3. Restriction on establishment of a central depository.

4 PART II CENTRAL DEPOSITORY-4. Application for approval to establish and maintain a central depository.

5 PART II CENTRAL DEPOSITORY-5. Power of Minister to approve the establishment of a central depository.

5A PART II CENTRAL DEPOSITORY-5A. Withdrawal of approval of a central depository.

5B PART II CENTRAL DEPOSITORY-5B. Effect of withdrawal.

5C PART II CENTRAL DEPOSITORY-5C. Arrangements as to the discharge of duties of exchange holding company and central depository.

6 PART II CENTRAL DEPOSITORY-6. Minister may establish advisory committees.

7 PART II CENTRAL DEPOSITORY-7. Commission to approve amendment to rules of central depository.

8 PART II CENTRAL DEPOSITORY-8. Duty of a central depository to ensure orderly dealings in deposited securities.

9 PART II CENTRAL DEPOSITORY-9. Authorised depository agents, issuers, etc. to comply with rules of a central depository.

10 PART II CENTRAL DEPOSITORY-10. Central depository to provide assistance to the Commission.

11 PART III PROVISIONS RELATING TO DEPOSITED SECURITIES-11. Interpretation.

12 PART III PROVISIONS RELATING TO DEPOSITED SECURITIES-12. Duties of a central depository.

13 PART III PROVISIONS RELATING TO DEPOSITED SECURITIES-13. Authorised depository agent.

14 PART III PROVISIONS RELATING TO DEPOSITED SECURITIES-14. Stock exchange to prescribe securities that may be deposited with a central depository.

15 PART III PROVISIONS RELATING TO DEPOSITED SECURITIES-15. (Deleted).

16 PART III PROVISIONS RELATING TO DEPOSITED SECURITIES-16. (Deleted).

17 PART III PROVISIONS RELATING TO DEPOSITED SECURITIES-17. Undeposited securities not to be traded on a stock market or utilised to settle market trade.

18 PART III PROVISIONS RELATING TO DEPOSITED SECURITIES-18. Verification of scrips and transfer to a central depository or nominee company.

19 PART III PROVISIONS RELATING TO DEPOSITED SECURITIES-19. Central depository and authorised depository agent not liable for loss.

20 PART III PROVISIONS RELATING TO DEPOSITED SECURITIES-20. Issuance of jumbo certificates.

21 PART III PROVISIONS RELATING TO DEPOSITED SECURITIES-21. Central depository deemed a bare trustee.

22 PART III PROVISIONS RELATING TO DEPOSITED SECURITIES-22. (Deleted).

23 PART III PROVISIONS RELATING TO DEPOSITED SECURITIES-23. (Deleted).

24 PART III PROVISIONS RELATING TO DEPOSITED SECURITIES-24. Prohibition of withdrawal.

25 PART III PROVISIONS RELATING TO DEPOSITED SECURITIES-25. Securities accounts.

25A PART III PROVISIONS RELATING TO DEPOSITED SECURITIES-25A. Authorised nominee shall hold deposited securities for one beneficial owner in respect of each securities account.

26 PART III PROVISIONS RELATING TO DEPOSITED SECURITIES-26. Issuance of statements of accounts.

27 PART III PROVISIONS RELATING TO DEPOSITED SECURITIES-27. Duty of central depository to keep certain records.

28 PART III PROVISIONS RELATING TO DEPOSITED SECURITIES-28. Physical stock count of scrips.

29 PART III PROVISIONS RELATING TO DEPOSITED SECURITIES-29. Dealings effected by means of electronic process.

29A PART III PROVISIONS RELATING TO DEPOSITED SECURITIES-29A. Dealings in deposited securities shall be effected by beneficial owners or authorised nominees.

30 PART III PROVISIONS RELATING TO DEPOSITED SECURITIES-30. Entries in securities accounts.

31 PART III PROVISIONS RELATING TO DEPOSITED SECURITIES-31. Entries in securities accounts in respect of direct business, etc.

32 PART III PROVISIONS RELATING TO DEPOSITED SECURITIES-32. Entries in securities accounts to specify date, time and person making the entries.

33 PART III PROVISIONS RELATING TO DEPOSITED SECURITIES-33. Record of an entry prima facie evidence.

34 PART III PROVISIONS RELATING TO DEPOSITED SECURITIES-34. Record of depositors to be Issued to issuer on request.

35 PART III PROVISIONS RELATING TO DEPOSITED SECURITIES-35. A depositor to be treated as if he were a member.

36 PART III PROVISIONS RELATING TO DEPOSITED SECURITIES-36. Prohibition against acquisition of, or dealings in, deposited securities by a central depository.

37 PART III PROVISIONS RELATING TO DEPOSITED SECURITIES-37. Public offer.

38 PART III PROVISIONS RELATING TO DEPOSITED SECURITIES-38. Bonus, rights Issues, etc.

39 PART III PROVISIONS RELATING TO DEPOSITED SECURITIES-39. Underwriters to open securities accounts.

40 PART III PROVISIONS RELATING TO DEPOSITED SECURITIES-40. Charging or pledging of securities.

41 PART III PROVISIONS RELATING TO DEPOSITED SECURITIES-41. Securities in suspense.

41A PART III PROVISIONS RELATING TO DEPOSITED SECURITIES-41A. Notice of trust.

42 PART IV SECRECY PROVISIONS-42. Duty to take reasonable security measures.

43 PART IV SECRECY PROVISIONS-43. Duty to maintain secrecy.

44 PART IV SECRECY PROVISIONS-44. Restrictions on disclosure of information by authorised depository agents.

45 PART IV SECRECY PROVISIONS-45. Permitted disclosures.

46 PART IV SECRECY PROVISIONS-46. Regulation of access to the computer system.

47 PART V OFFENCES-47. Falsification of records or accounts.

48 PART V OFFENCES-48. Destruction, concealment, mutilation and alteration of records prohibited.

49 PART V OFFENCES-49. Furnishing false or misleading information.

50 PART V OFFENCES-50. Offence by bodies corporate.

51 PART V OFFENCES-51. General penalty.

52 PART V OFFENCES-52. (Deleted).

53 PART VI ENFORCEMENT-53. Power of Commission to require production of records.

54 PART VI ENFORCEMENT-54. (Deleted).

55 PART VI ENFORCEMENT-55. (Deleted).

56 PART VI ENFORCEMENT-56. Disclosure to Commission.

57 PART VI ENFORCEMENT-57. Investigation by Commission.

58 PART VI ENFORCEMENT-58. Power of Court to make certain orders.

58A PART VI ENFORCEMENT-58A. Application for winding up.

59 PART VII GENERAL-59. Preservation of records and accounts.

60 PART VII GENERAL-60. Power of Commission to compound.

61 PART VII GENERAL-61. Criminal prosecution.

61A PART VII GENERAL-61A. Commission may be represented by officer in civil proceedings.

61B PART VII GENERAL-61B. Powers concerning compliance with rules of the central depository, etc.

62 PART VII GENERAL-62. Indemnity.

62A PART VII GENERAL-62A. Power of exemption.

63 PART VII GENERAL-63. Regulations.

64 PART VII GENERAL-64. Reference to allottee in the Companies Act 1965.

65 PART VII GENERAL-65. (Deleted).

66 PART VII GENERAL-66. Reference to owner in section 102 of the Companies Act 1965.

67 PART VII GENERAL-67. Reference to company in section 103 of the Companies Act 1965.

68 PART VII GENERAL-68. Reference to members of a public company in section 166 of the Companies Act 1965.

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