Companies Act 2014 section 101F

Representation of applicable securities

Section 101F confirms that nothing in this Chapter of the Act prevents a company from arranging for its applicable securities to be held in electronic book-entry form through a central securities depository.

• Companies may arrange for applicable securities to be represented in book-entry form rather than as physical certificates
• This can be achieved through immobilisation (depositing physical certificates with a central depository) or dematerialisation (converting to a fully electronic format)
• A central securities depository or its nominee may hold the securities on behalf of the company
• No provision in this Chapter of the Act restricts or affects a company's ability to use these electronic arrangements