CAP. 70]
The Hongkong and Shanghai Bank Regulations
[1989 Ed.
[Subsidiary]
Regulation
Page
Calls
23. When call deemed due .......... A 18
24. Liability of joint holders. A 18
25. Notice of call A 18
26. Mode of giving notice of call A 18
27. No other notice of call necessary. A 18
28. Extension of time for paying calls A 18
29. Premium and instalment deemed to be "call" A 19
30. Interest on unpaid calls A 19
31. Evidence in action for call A 19
Registers of shareholders-registers as evidence
Particulars to be entered in registers; closures; limitations on transfers between registers
32. A 19
33. Register as evidence A 20
Forfeiture and lien
34. Shares liable to forfeiture in certain events A 21
35. Arrears payable notwithstanding forfeiture A 21
36. Procedure for enforcing forfeiture and effect thereof .......................... A 21
37. Notice and entry of forfeiture A 22
38. Board may accept composition for call A 22
39. Forfeited shares to become property of bank A 22
40. Power to annul forfeiture A 22
41. Forfeiture of share to extinguish claims on the bank ....... A 22
Bank's lien on shares A 23
42. A 23
43. Enforcing lien by sale A 23
44. Application of proceeds of sale A 23
45. Sales after forfeiture or under lien; rights and liabilities of purchasers A 23
Transfer and transmission of shares
46. Register of transfers A 24
47. Periods during which registers may be closed A 24
48. Power to decline to register transfer A 24