54
entered on the register, or be
receivable by the Registrar of
Companies." It would seem, therefore,
provision of the
that the new Section 13 (1) of the
^
principal Ordinance, which provides
a
that the shares of which the deceased
was
person at the date of his death
the beneficialbut
but not the registered
owner, shall be transferred by an
on the registers of the appropriate companies
executor into his own name as such
n
executor, is in conflict with the
provisions of the Companies Ordinance;
and if this is so, the new Section 13 (1)
repealed
should be amended or omitted. The
provision does not appear to be
based on the English Acts, and a
registration by an executor of shares in
his own name would make him personally
liable for calls on those shares..
Unless therefore there is some local
reason for the provision, it would
seem