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(1) Every issuer of a security prescribed as a dematerialised security, shall on or after the dematerialisation date

(a) surrender the physical register of members or debenture holders to the depository, and

(b) provide information to the central securities depository of any member or debenture holder who appears in the appropriate register as a holder of a certificate not already admitted by the depository.

(2) A depository shall maintain an official Register which shall include the name and particulars of

(a) each depositor with a security credited to a security account held by the depositor, and

(b) each member or debenture holder whose name appear under the appropriate register of members or debenture holders of the company

(3) Despite sections 32 and 96 of the Companies Code relating to register of members and debenture holders, a record of depositors maintained shall

(a) contain information in computerised record form; and

(b) contain any other information as may be required under the central security depository rules

  (4) This section shall not apply to any bearer security, or be construed as making the depository an agent of the issuer for the purpose of    providing registration services