Section 20
Issuance of jumbo certificates
of Securities Industry (Central Depositories) Act 1991
ActIn forceProvision 23 of 78
Section 20
(1)
A central depository may require an issuer of deposited securities to issue in the name of the central depository or its nominee company a jumbo certificate for such securities.
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(2)
The issuer shall, upon receipt of a requirement under this section, forthwith take such action as may be appropriate for the issuance of the jumbo certificate to the central depository.
(3)
This section shall not apply to bearer securities.