Companies Act, 1973 (Act No. 61 of 1973)Uncertificated Securities Regulations, 1999Schedule2. Instruction to convert certificated securities into uncertificated securities |
| 1) | An instruction to a company to convert certificated securities into uncertificated securities must be given by the holder of the certificated securities whose name is entered in the company's register of members as the holder of the certificated securities in question, or by his or her authorised agent. |
| 2) | A person who lodges certificated securities with a company, accompanied by an instruction referred to in subregulation (1), must do so in the manner and form prescribed in the rules of the central securities depository and must, in particular- |
| a) | provide complete and accurate information about the securities to be converted; |
| b) | indicate clearly on the face of every document of title relating to the certificated securities that such securities are lodged for conversion into uncertificated securities. |