COMPANIES.
No. 58 of 1911.
2011
the undertaking of the company into shares or interests shall be treated as a provision for a share capital, notwithstanding that the nominal amount or number of the shares or interests is not specified thereby.
PART II.
DISTRIBUTION AND REDUCTION OF SHARE CAPITAL, REGISTRATION OF UNLIMITED COMPANY AS LIMITED, AND UNLIMITED LIABILITY OF DIRECTORS.
Distribution of share capital.
shares.
23.—(1) The shares or other interest of any member in a company shall be personal estate, transferable in manner provided by the articles of the company, and shall not be of the nature of real estate.
(2) Each share in a company having a share capital shall be distinguished by its appropriate number.
24. A certificate, under the common seal of the company, specifying any shares or stock held by any member, shall be prima facie evidence of the title of the member to the shares or stock.
25.—(1) The subscribers of the memorandum of a company shall be deemed to have agreed to become members of the company, and on its registration shall be entered as members in its register of members.
(2) Every other person who agrees to become a member of a company and whose name is entered in its register of members, shall be a member of the company.
26.—(1) Every company shall keep in one or more books in the English language a register of its members, and enter therein the following particulars:----
(i) the names and addresses and the occupations, if any, of the members, and in the case of a company having a share capital a statement of the shares held by each member, distinguishing each share by its number, and of the amount paid or agreed to be considered as paid on the shares of each member.
* As amended by No. 22 of 1913 and Law Rev. Ord., 1924.