An issuer of uncertificated securities must—
| (a) |
record in its register the number or nominal value of each kind of uncertificated securities issued by it; |
| (c) |
if required by section 40(1), record the name of that central securities depository or its wholly owned subsidiary as the registered holder of the uncertificated securities; |
| (d) |
balance and reconcile with a central securities depository the record referred to in paragraph (a) in respect of each kind of uncertificated security— |
| (i) |
if that record has not changed, not less than once every month; |
| (ii) |
if the record has changed, on the business day after such change; and |
Basic Conditions of Employment Act, 1997
