235
Certificates for Shares.
of shares on
principal register.
11. The certificates of title to shares on the principal register shall be Certificates under the common seal and shall be signed by one Director and counter signed by the Chief Manager. Such Certificates shall unless and until otherwise prescribed by the Board be in the form in Appendix I to these Regulations or to the like effect.
12. The certificates of title to shares on any local register shall be under the seal of the establishment which keeps such local register and shall be signed by the Manager of such establishment and be in such form as the Board from time to time approves.
Certificates on local register.
of shares
13.-(1) Subject to the provisions of Regulation 15, every shareholder Shareholders shall be entitled to a certificate in respect of each share registered in his
name.
right to
certificate
(2) Any such certificate shall be prima facie evidence of the title of Certificate the shareholder to such share.
on.
14. Every certificate shall specify the number and denoting numbers of the shares in respect of which it is issued and the amount paid up there- A shareholder requiring more than one certificate in respect of his shares shall pay two dollars, or its equivalent in local currency, or such less sum as the Board may determine for each additional certificate beyond He shall also pay any stamp duty that may be payable in respect of his share certificate or certificates.
one.
is prima facie evidence of title.
Every certificate number and denoting shares. Fee and stamp duty.
to specify
numbers of
holders
15. Any certificate for shares registered in the names of two or more To which of persons shall be delivered to that one of such persons who is first named joint on the register, provided that in the case of joint holders the Bank shall certificate not be bound to issue more than one certificate to all the joint holders, to be issued and that delivery of such certificate to any one of them shall be sufficient delivery to all.
worn out
16.-(1) If any certificate be worn out, or defaced, or damaged, Renewal of then, upon production and surrender thereof to the Board, the Board may do d order the same to be cancelled, and may issue a new certificate în lieu there- lost or of to the person entitled thereto.
(2) If any certificate be lost or destroyed, then upon proof thereof to the satisfaction of the Board, and upon such indemnity as the Board may deem adequate being given, and upon such advertisements being inserted as the Board may require, and upon payment by the shareholder of all costs incurred including all expenses incident to the investigation of evidence of loss and to such indemnity and to such advertisements as aforesaid, and generally upon such terms as the Board may require, a new certificate in Heu thereof shall be given to the person entitled to such lost or destroyed certificate.
destroyed certificati
17. Where a share is forfeited and the certificate thereof is not deli- New vered up to the Bank, the Board may issue a new certificate of the share,
certificate where share distinguishing it as they think fit from the certificate so not delivered up. forfeited.
new
certificate.
18. For every certificate issued under the regulations there shall be Fee for paid to the Bank the sum of two dollars, or its equivalent in local currency, or such less sum as the Board may determine, together with any stamp duty that may be payable in respect of any such share certificate.
19. No person shall be entitled at any one time to be registered as the holder of or be interested in equity in more than two thousand shares in the Bank without the sanction of the Board, and the Board may at any time require from any shareholder a statutory declaration that this regu- lation has been complied with.
No share-
holder to than 2.000 shares.
hold more