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Section 26

Issuance of statements of accounts

of Securities Industry (Central Depositories) Act 1991

ActIn forceProvision 30 of 78
Section 26
(1)

A central depository shall issue to all depositors statements of accounts in respect of all deposited securities held in custody by, or registered in the name of, the central depository or its nominee company for the depositors at such time and in such manner as may be provided in the rules of the central depository.

(2)

Notwithstanding subsection (1), a depositor may, at any time, by written notice, require the central depository to issue to him a statement of account in respect of all or any of the deposited securities for the time being held in custody by, or registered in the name of, the central depository or its nominee company on behalf of the depositor.

(3)

A central depository shall, on receipt of a written notice under subsection (2) and upon payment of any charges which may be imposed under the rules, issue to the depositor the statement so required.

(4)

A statement of account issued under this section shall be prima facie evidence of the truth of the matters specified in the statement.