declaration made by the applicant stating the grounds upon which the application is made and, in particular-
Was
(a) when the original certificate
last in the applicant's possession and how he ceased to have possession thereof;
(6) whether the applicant has executed any transfer in respect of the relevant shares, in blank or otherwise; (c) that no other person is extitled to bave bia name entered in the register of members of the company in respect of the relevant shares; and
(d) such other particulars as the case may require in order to verify the grounds upon which the application is made.
(3) Subject to subsection (4), where an application in made to a company under this section for a new certificate, the company shall, if it intends to issue such certificate under this section, publish a notice in the prescribed form advertising its intention to do so, as follows-
(a) if the application is made by the registered holder of the relevant shares or by a person other than the registered holder with his consent and in either case the latest value of the relevant shares does not exceed $20 000. the notice shall be published once in, respectively, an English language news- paper and a Chinese Language newspaper specified in a list of newspapers issued for the purposes of this section by the Secretary for Home Affairs and published in the Gazette:
(b) if the application is made by a person other than the registered holder of the relevanı shares. without his consent or the talest value of the relevant shares exceeds $20 000, the notice shall be published in the Gazette once in each of 1 consecutive months,
and for the purposes of this subsection "latest value”, in relation to the relevant shares, means the value thereof calculated at the last recorded price paid for shares in the company of the same class, prior to the application, al a recognized stock exchange.
(4) A notice which it is proposed to publish under subsection (3) shall not be published until, and any publica- tion thereof shall not be valid for the purposes of this section unless, the fallowing requirements are first com- plied with-
(a) the company has delivered a copy of the notice to each recognized stock exchange And Jam authorized officer thereof has certified to the company in writing that such copy is being ex- hibited in accordance with subsection (5):
(b) where the notice relates to an application made by a persons other than the registered holder of the relevant shares without the consent of the registered holder--
(i) the company has served a copy of the notice on the registered holder by sending it by registered post to his last address appearing in the register of members of the company; and
3
(i) a period of 3 months has expired since the date of service of such copy.
(3) Every recognized stock exchange shall set aside a conspicuous place therein for pusting and exhibiting all copies of notices delivered to the exchange under sub- section (4)(4), and shall keep every such copy exhibited in such place for a period of not less than-
(a) in the case of an application referred to in sub-
section (3Xa). 1 monib;
(6) in the case of an application referred to in sub-
section (3X6), 3 months.
(6) A company shall not issue a new certificate under this section moless-
(a) the company has published a notice under sub- scation (3) advertising its intention to do 90 and-- (in the case of a notice published under sub- seclion (3Ka), a period of not less than 1 month from the latest valid publication thereof has expired; or
in the case of a notice published under subsection (3)(5), a period of not less than 3 months from the first valid publication thereof has expired; and
(6) the company has not received notice of any other
claim in respect of the relevant shares; aod
(c) where the applicant for the new certificate is a person other than the registered holder of the relevant shares-
(an instrument of transfer in respect of the relevant shares is delivered to the company under section 66. OT
() # in the case of an Application made without the consent of the registered holder, such instrument has not been delivered, and the applicant is unable to procure its delivery, to the company under section 66, the company has caused an lustrument of transfer in respect of the relevant shares to be executed on behalf of the registered holder by any person appointed by the company and on his own behalf by the applicant
(7) Where a company issues a new certificate under this section, it shall forthwith cancel the original certificate and make such entry in the register of members of the company as the case may require in order to record such istue and cancellation and, where the new certificate is isqued to a person other than the registered holder of the relevant shares, any instrument of transfer caused to be executed by the company under subsection (6)}{c}{iÐ) shall. for the purpose of registering the relevant shares in the name of that person, be deemed to be an instrument of transfer duly delivered to the company under section 66.
(8) Every company which issues a new certificate under this section shall, not later than 14 days from the date of issue of the new certificate, give public notice of the issue thereof and of the cancellation of the original certificate by publishing a notice in the Gazerre in the prescribed form