Section 37

Upon completion of the allotment or allocation of such security, the issuer or offeror, as the case may be, shall immediately deliver or caused to be delivered to the central depository a record of all successful applicants together with such particulars as may be required by the central depository for the purpose of making appropriate entries in the securities accounts of the respective applicants, together with the scrips (in such denominations as may be specified by the central depository) registered in the name of the central depository or its nominee company.

For the purposes of this section, ―offeror‖, in relation to any security, means the owner of the security.

A reference to a security proposed to be listed on a stock exchange in this section shall be construed as a reference to a security which has been approved by the stock exchange to be listed for quotation on the official list of the stock exchange.

Without prejudice to subsection (2), section 107 of the

Companies Act 1965 shall not, in relation to the securities mentioned in subsection (1), apply to the issuer of such security.

Bonus, rights issues, etc.