Singapore legislation
Section 81SH
Section 81SH
Central Depository System
(1)
The Central Depository System established by the repealed section 130C of the Companies Act 1967 on 12 November 1993 continues on or after 3 January 2016 as if it had been established under this section.
(2)
The following must be carried out using the computerised Central Depository System in accordance with the depository rules:
the deposit of documents evidencing title in respect of securities (with where applicable, in the case of shares or registered debentures, proper instruments of transfer duly executed) with the Depository and registration of such documents in the name of the Depository or its nominee;
maintenance of accounts by the Depository in the names of the depositors so as to reflect the title of the depositors to the book‑entry securities;
effecting transfers of the book‑entry securities electronically, and not by any other means, by the Depository and making an appropriate entry in the Depository Register of the book‑entry securities that have been transferred.