ACT 125
COMPANIES ACT 1965 (REVISED - 1973)
PART IV - SHARES, DEBENTURES AND CHARGES
DIVISION 6A - PROVISIONS APPLICABLE TO COMPANIES WHOSE SECURITIES ARE DEPOSITED WITH THE CENTRAL DEPOSITORY

 
Section 107C. Transfer of securities is by way of book entry.
 
Section 107C. Transfer of securities is by way of book entry. (COMPANIES ACT 1965 (REVISED - 1973) - ACT 125) (1) On or after the coming into operation of this section, the transfer of any securities or class of securities of a company whose securities or any class of whose securities have been deposited with a central depository shall be by way of book entry by the central depository in accordance with the rules of the central depository and, notwithstanding sections 103 and 104, such company shall be precluded from registering and effecting any transfer of securities or class of securities which have been deposited.

(2) Subsection (1) shall not apply to a transfer of securities to a central depository or its nominee company.