Certificates
of shares on principal register.
Certificates
of shares on local register.
Shareholders
right to certificate
Certificate is prima facie
evidence of
title.
Every
certificate to specify number and der oting numbers of shares. Fee and stamp duty.
To which of joint
holders certificate
to be issued
3
Renewal of worn out damaged lost or destroyed certificate
New certificate where share forfeited.
Fee for
new
certificate.
No share- holder to hold more than 2,000 shares.
454
Certificates for Shares.
11. The certificates of title to shares on the principal register shall be 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.
13. (1) Subject to the provisions of Regulation 15, every shareholder shall be entitled to a certificate in respect of each share registered in his
name.
(2) Any such certificate shall be prima facie evidence of the title of 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.
15. Any certificate for shares registered in the names of two or more persons shall be delivered to that one of such persons who is first named on the register, provided that in the case of joint holders the Bank shall not be bound to issue more than one certificate to all the joint holders, and that delivery of such certificate to any one of them shall be sufficient delivery to all.
16.-(1) If any certificate be worn out, or defaced, or damaged, then, upon production and surrender thereof to the Board, the Board may order the same to be cancelled, and may issue a new certificate in lieu there- 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 lieu thereof shall be given to the person entitled to such lost or destroyed certificate.
17. Where a share is forfeited and the certificate thereof is not deli- vered to the Bank, the Board may issue a new certificate of the share,
up distinguishing it as they think fit from the certificate so not delivered up.
18. For every certificate issued under the regulations there shall be 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.