Opening an account with Share Registry and IPO (MY) allows you to submit your Pink Form application and make payment through the e-subscription platform.
On the other hand, a CDS (Central Depository System) account, which must be opened through a licensed stockbroking firm (e.g., CGS-CIMB), is required to receive and hold the shares that are allocated to you.
Both accounts serve different purposes and are necessary to complete the electronic application and allotment process.
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