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Section 4: Issue of uncertificated securities

Securities (Central Depository, Clearing And Settlement) Act

consolidated text (as at 2007). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

4. Issue of uncertificated securities Notwithstanding the Companies Act, a listed issuer may— (a) issue a security in uncertificated form where this is authorised by resolution of its board of directors or management; and (b) convert a certificated security into an uncertificated security, where this is authorised in its memorandum or articles of association, by resolution of its board of directors or management.

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