20. Issuance of jumbo certificates

Terms defined in this Act

• central depository

  central depository

  Defined · s 2

  ―central depository‖ means a company approved by the Minister under section 5— Securities Industry (Central Depositories) 11 (a) to establish and operate a system for the central handling of securities, whether or not listed on any stock exchange,— (i) whereby all such securities are deposited with and held in custody by, or registered in the name of, the company or its nominee company for the depositors and dealings in respect of those securities are effected by means of entries in securities accounts without the physical delivery of scrips; or (ii) which permits or facilitates the settlement of securities transactions or dealings in securities without the physical delivery of scrips; and (b) to provide other facilities and services incidental thereto;

  Open s 2
• issuer

  issuer

  Defined · s 2

  ―issuer‖, in relation to any deposited security, means the public company, corporation, government, or the body, corporate or unincorporate, which issued the security, and includes any person performing the functions of a registrar or an issuing house for such issuer in respect of such security;

  Open s 2
• jumbo certificate

  jumbo certificate

  Defined · s 11

  ―jumbo certificate‖, in relation to a deposited security, means a certificate comprising not less than fifty thousand units of securities of an issuer which is registered in the name of a central depository or its nominee company, as nominee for depositors;

  Open s 11
• nominee company

  nominee company

  Defined · s 2

  ―nominee company‖, in relation to a central depository, means a company appointed by the central depository for the purpose of holding any deposited security;

  Open s 2