Refusal to register share transfers: transferees may appeal to the tribunal which can compel registration or award damages.

Refusal to register a transfer or transmission of securities obliges a private company to send a reasons notice within thirty days; transferees may appeal to the Tribunal within prescribed periods that extend where no notice is given. The Tribunal may order registration or rectification of the register and award damages, and companies must comply with such orders; failure to comply attracts criminal penalties including imprisonment and fine.

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