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(1) Where an issuer, in relation to book-entry securities

(a) makes a bonus issue of shares by way of an increase in its total issued capital, or issue securities because of a rights issue or the conversion of debt securities, or
(b) issues securities because of an exercise of a right or option to acquire securities in the share capital of the issuer. the issuer shall notify the central securities depository and deliver to the central securities depository

(i) a confirmed list of the names of the allottees for the purposes of amendment of the securities accounts held by the allottee, and
(ii) the appropriate certificates, if any, in denominations that may be specified by the central securities depository registered in the name of the central securities depository or its nominee company

  (2) A prospective allottee shall, open a securities account with the central securities depository before acquiring any security