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(3) Every instrument of transfer shall be left with the Bank for registra- tion in that one of the registers in which the shares are entered, accom- panied by the certificate of the shares to be transferred and such other evidence as the Board or the deputed person or persons referred to in re- gulation 52 may require to prove the title of the transferor or his right to transfer the shares.
a
Transfer to
be left with Bank and
evidence of title given
and stamp
duty.
(4) A fee not exceeding the sum of two dollars, or its equivalent in Scrip fees local currency, together with the stamp duty, if any, shall be payable to the Bank in respect of every new certificate issued whether consequent on transfer or transmission or on the splitting up of an existing certificate and shall, if required by the Board or by the person or persons referred to in regulation 52, be paid before the issue of the new certificate.
54. When the instrument of transfer shall have been so registered, the transferee shall be and be deemed a shareholder, and shall from the date of such registration be entitled to the same privileges and advantage, and he and his executors administrators assigns or successors shall be subject to the same liabilities in respect of the shares as the shareholder from whom he derived his title.
Transferee shareholder on registra- transfer.
to become
tion of
old and issue of new Certificate.
55. Upon every transfer or transmission of shares the existing certi- Surrender of ficate shall be given up to be cancelled, and shall forthwith be cancelled accordingly, and a 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 shall be retained by a transferor a new certificate in respect thereof shall be issued to him.
56. The Bank shall retain every instrument of transfer of its shares.
Proceeding at General Meetings.
Bank to re- tain trans-
.ers
Holding of annual general
57. 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 and unless and until otherwise prescribed as aforesaid such meeting shall be held meetings. in the month of February in every year.
58. The annual general meeting referred to in regulation 57 shall be called the ordinary yearly general meetings. All other meetings of share- holders shall be called extraordinary general meetings.
59. The Board may at any time it thinks proper and shall on the re- quisition in writing of not less then twenty shareholders, holding in the aggregate not less than one-tenth of the issued capital of the Bank upon which all calls or other sums then due have been paid and having been such holders during not less than three months prior to the date of such requisi- tion, forthwith proceed to convene an extraordinary general meeting of the Bank; and in case of any such requisition the following provisions shall have effect :-
(a) The requisition must state the objects of the meeting, and must be signed by the requisitionists and deposited at the Head Office, and may consist of several documents in like form, each signed by one or more requisitionists.
(b) In case the Board fail to convene an extraordinary general meeting to be held within twenty one days after such requisition has been deposited, the requisitionists, or a majority of them in value, may themselves convene the meeting for the purpose so specified but not for any other purpose; but any meeting so convened shall not be held after three months from the date of such deposit.
Distinction. Ordinary
between
and Extra- or dinary General Meetings. Convening of Extra- General Meeting.
ordinary
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