Section 6: Transfers under book‑entry system — Central Depositories Act, 1997

Current legal status not independently verified — Source: Pakistan Code (single official PDF, 2026-08-21). Whether this provision is still in force has not been independently verified.

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6. Transfers under book‑entry system.—(1) Subject to the provisions of this Act, a transfer of book‑entry securities from accounts or sub‑accounts to other accounts or sub‑accounts shall be made in such manner as may be prescribed and shall be effected by making of an appropriate entry in the central depository register in accordance with such regulations. (2) A transfer of book‑entry securities in the manner set out in subsection (1) shall be valid and effective transfer of title to the securities represented by the book‑entry securities.

Effective date: 1997-01-01

Related sections

Section 5: Central depository not to be a member of an issuer, etc Section 7: Effect of book‑entry transfer on transferee Section 4: Central depository system Section 8: Central depository discharged from liability if acting on instructions Section 3: Overriding effect Section 9: Central depository to supply information

Version central-depositories-act-1997~PK-FED~base · Source-traceable official reference. LawHub does not modify the official record.