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(1) Persons named as depositors in a Register of Depositors shall, for the period that the deposited securities are entered against their names in the Register be

(a) members of the company in respect of the amount of deposited securities entered against their respective names in the Register of Depositors; or

(b) holders of the amount of the issuer's deposited securities other than shares entered against their names in the Register of Depositors.

(2)This Act shall not affect

(a) the obligation of a company to keep a register of its members, and allow inspection of the register under the Companies Code;

(b) the obligation of a company to keep a register of holders of debentures issued by the company and allow inspection of the register, under the Companies Code;

(c) the obligation of an issuer other than a company to keep a register of the holders of securities issued by the issuer;

 (d) the right of a depositor to withdraw documents showing title to securities, from the depository at any time in accordance with the central securities depository rules and to register them in the depositor's name; or

(e) the enjoyment of a right, power or privilege, or the imposition of a liability, duty or obligation under the Companies Code, or any other enactment, instrument, or Regulations of a company on a depositor, as a member of a company or as a holder of debentures or securities, except to the extent provided for in this Act or prescribed by regulations made under this Act.