Share transfer compliance: pre-reform transfer forms are acceptable if timely; boards may delegate duplicate-certificate powers to committees. Clarifications state that share transfer forms executed before 1 April 2014 are contractual and must be accepted for registration if submitted within the period prescribed under the prior law; late submissions require company satisfaction as to delay, and refusal must be communicated with reasons within the time prescribed. Powers under rule 6(2)(a) to issue duplicate share certificates may be delegated to a committee of directors, subject to board-imposed regulations.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Share transfer compliance: pre-reform transfer forms are acceptable if timely; boards may delegate duplicate-certificate powers to committees.
Clarifications state that share transfer forms executed before 1 April 2014 are contractual and must be accepted for registration if submitted within the period prescribed under the prior law; late submissions require company satisfaction as to delay, and refusal must be communicated with reasons within the time prescribed. Powers under rule 6(2)(a) to issue duplicate share certificates may be delegated to a committee of directors, subject to board-imposed regulations.
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