38. Bonus, rights issues, etc.

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
• debt securities

  debt securities

  Defined · s 2

  ―debt securities‖ means debentures, bonds, notes, or other similar instrument representing or evidencing indebtedness, whether secured or otherwise;

  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
• 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;

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• prescribed security

  prescribed security

  Defined · s 11

  ―prescribed security‖ means a security which has been prescribed by a stock exchange to be deposited with a central depository under subsection 14(3);

  Open s 11
• securities account

  securities account

  Defined · s 2

  ―securities account‖ means an account established by a central depository for a depositor for the recording of deposit of securities and for dealings in such securities by the depositor;

  Open s 2
• security

  security

  Defined · s 2

  ―security‖ means debenture, note, stock and share in a public company or corporation, or bond of any government or of any body, corporate or unincorporate, and includes any right or option in respect thereof, any interest as defined in section 84 of the Companies Act 1965 and any interest in a unit trust scheme;

  Open s 2