1989 Ed.]
The Hongkong and Shanghai Bank Regulations
[CAP. 70
A 17
[Subsidiary]
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. Renewal of worn out, damaged, lost or destroyed certificate
(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 thereof 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. New certificate where share forfeited
Where a share is forfeited and the certificate thereof is not delivered up to the bank, the board may issue a new certificate of the share, distinguishing it as it thinks fit from the certificate so not delivered up.
18. Fee for new certificate
If the board so requires, a fee not exceeding two dollars or its equivalent in local currency shall be paid for any new certificate issued under the regulations.
(L.N. 43 of 1964)
19. No shareholder to hold more than 1% of capital
No person shall without the sanction of the board be entitled at any time to be registered as the holder of or be interested in equity in more than one per cent of the capital then issued; and the board may at any time require from any shareholder a statutory declaration or such other evidence as it may deem adequate to determine that this regulation has been complied with.
(L.N. 113 of 1979)
Shareholder's address
20-21. (Repealed L.N. 86 of 1974)