67. Reference to company in section 103 of the Companies Act 1965

Terms defined in s 2

• Act

  Act

  Defined · s 2

  ―Act‖ includes any regulations made under this Act;

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• authorized depository agent

  authorized depository agent

  Defined · s 2

  ―authorized depository agent‖, in relation to any central depository, means a person appointed under section 13 to be an agent of that central depository;

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• 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;

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• deposited security

  deposited security

  Defined · s 2

  ―deposited security‖ means a security standing to the credit of a securities account and includes a security in a securities account that is in suspense;

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• 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;

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