Securities Industry (Central Depositories) Act 1991 · Updated to 11 Apr 1991 · Part III · Provisions Relating to Deposited Securities
27. Duty of central depository to keep certain records
Feedback & supportA central depository shall keep or cause to be kept such records and accounts, in sufficient detail, so as to show particulars of—
central depository
―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;
all moneys received or paid by the central depository, including dividends received in respect of any deposited securities and the disbursement of such dividends to depositors;
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all income received from commissions, fees, charges and other sources, and all expenses, commissions, and other payments made or paid by the central depository;
all assets and liabilities (including contingent liabilities)
of the central depository;
all deposited securities and particulars showing for whom the scrips and the instruments of transfer in respect of such scrips are held;
all purchases and sales of deposited securities and particulars of other dealings made in respect thereof, the charges and credits arising therefrom, the identity of the buyer and seller of each of those deposited securities or, in the case of other dealings, the identity of the persons executing such dealings and the persons in whose favour such dealings are executed, as the case may be.
An entry in the records or accounts shall specify the date and time of making such entry and, in the case of an entry made by a person, the identity of such person.
An entry in the records or accounts of a central depository shall, unless the contrary is proved, be deemed to have been made by, or with the authority of the central depository.
The provisions of this section shall apply, mutatis mutandis, to every authorized depository agent.