1989 Ed.]
The Hongkong and Shanghai Bank Regulations
[CAP. 70
A 27
[Subsidiary]
new certificate shall be issued to the new shareholder in respect of the shares transferred or transmitted to such new shareholder and if any of the shares included in the certificate so given up is retained by a transferor a new certificate in respect thereof shall be issued to him.
56. Bank to retain transfers
The bank shall retain copies of every instrument of transfer of its shares for such periods of time, at such place and subject to such conditions as the board may from time to time direct. Such copies shall be made by means of microfilming or by such other process as the board may from time to time approve.
Proceedings at general meetings
57. Holding of annual general meetings
(L.N. 97 of 1977)
An annual general meeting of the shareholders shall be held once in every year at such time and place as may be prescribed by the board. (L.N. 97 of 1977)
If for any reason it is impracticable to call such meeting at such time and place and in the manner in which such meeting may be called or to conduct such meeting in the manner prescribed in these regulations the Governor may of his own motion or on the application of the chairman or of any shareholder who would be entitled to vote at the meeting order a meeting of the shareholders to be called, held and conducted at such time and place and in such manner as he may think fit and where any such order is made may give such ancillary or consequential directions as he may think expedient and any meeting called, held and conducted in accordance with any such order shall for all purposes be deemed to be an annual general meeting of the shareholders duly called, held and conducted. (8 of 1946 s. 2; L.N. 61 of 1969)
58. Distinction between annual and extraordinary general meetings
Any general meeting of shareholders other than an annual general meeting shall be called an extraordinary general meeting,
59. Convening of extraordinary general meeting
(L.N. 157 of 1987)
The board may at any time it thinks proper and shall on the requisition in writing of not less than twenty shareholders, holding in the aggregate not less than one-tenth of the issued capital of the bank upon which all calls or other