A.D. 1865.]
COMPANIES.
[No. 1.
61
Court, or by application to the Chief Justice sitting in Chambers, or in such other manner as the Court may direct, apply for an order of the Court that the register may be rectified; and the Court may either refuse such application, with or without costs, to be paid by the applicant, or it may, if satisfied of the justice of the case, make an order for the rectification of the register, and may direct the company to pay all the costs of such motion or application, and any damages which the party aggrieved may have sustained.
(2.) In any proceeding under this section the Court may decide any question relating to the title of any person who is a party to such proceeding to have his name entered in or omitted from the register, whether such question arises between two or more members or alleged members or between any members or alleged members and the company, and generally the Court may in any such proceeding decide any question necessary or expedient to be decided for the rectification of the register: Provided that the Court may direct an issue to be tried, in which any question of law may be raised.
43. Where any order has been made rectifying the register in the case of a company hereby required to send a list of its members to the Registrar of Companies, the Court shall, by its order, direct that due notice of such rectification be given to the Registrar.
44. The register of members shall be prima facie evidence of any matters by this Ordinance directed or authorized to be inserted therein.
Share Warrants to Bearer.
Notice to Registrar of rectification of register.
25 & 26 Vict. c. 89 s. 36.
Register to be evidence.
Ib. s. 37.
Power to issue share warrant to bearer.
30 & 31 Vict. c. 131 s. 27.
45. In the case of a company limited by shares, the company, if authorized to do so by its regulations as originally framed or as altered by special resolution, and subject to the provisions of such regulations, may, with respect to any shares which are fully paid up or with respect to stock, issue under its common seal a warrant stating that the bearer of the warrant is entitled to the shares or stock therein specified, and may provide, by coupons or otherwise, for the payment of the future dividends on the shares or stock included in such warrant, hereinafter referred to as a share warrant.
46. A share warrant shall entitle the bearer of such warrant to the shares or stock specified in it, and such shares or stock may be transferred by the delivery of the share warrant.
Effect of share warrant.
Ib. s. 28.
Re-registration of bearer of share warrant.
47.-(1.) The bearer of a share warrant shall, subject to the regulations of the company, be entitled, on surrendering such warrant for cancellation, to have his name entered as a member in the register of members.
(2.) The company shall be responsible for any loss incurred by any person by reason of the company entering in its register of members the name of the bearer of the share warrant in register.
Ib. s. 29.
A.D. 1865.]
COMPANIES.
[No. 1.
61
Court, or by application to the Chief Justice sitting in Chambers, or in such other manner as the Court may direct, apply for an order of the Court that the register may be rectified; and the Court may either refuse such application, with or without costs, to be paid by the appli- cant, or it may, if satisfied of the justice of the case, make an order for the rectification of the register, and may direct the company to pay all the costs of such motion or application, and any damages which the party aggrieved may have sustained.
(2.) In any proceeding under this section the Court may decide any question relating to the title of any person who is a party to such pro- ceeding to have his name entered in or omitted from the register, whether such question arises between two or more members or alleged members or between any members or alleged members and the company, and gener- ally the Court may in any such proceeding decide any question necessary or expedient to be decided for the rectification of the register: Provided that the Court may direct an issue to be tried, in which any question of law may be raised.
43. Where any order has been made rectifying the register in the case of a company hereby required to send a list of its members to the Registrar of Companies, the Court shall, by its order, direct that due notice of such rectification be given to the Registrar.
44. The register of members shall be prima facie evidence of any matters by this Ordinance directed or authorized to be inserted therein.
Share Warrants to Bearer.
Notice to Registrar of of register.
rectification
25 & 26 Fict. c. 89 s. 36.
Register to be evidence.
Ib. s. 37.
issue share warrant to
bearer.
30 & 31 Tiet.
c. 131 s. 27.
45. In the case of a company limited by shares, the company, if Power to authorized to do so by its regulations as originally framed or as altered by special resolution, and subject to the provisions of such regulations, may, with respect to any shares which are fully paid up or with respect to stock, issue under its common seal a warrant stating that the bearer of the warrant is entitled to the shares or stock therein specified, and may provide, by coupons or otherwise, for the payment of the future dividends on the shares or stock included in such warrant, hereinafter referred to as a share warrant.
46. A share warrant shall entitle the bearer of such warrant to the Effect of shares or stock specified in it, and such shares or stock may be trans- ferred by the delivery of the share warrant.
share warrant. Ib. s. 28.
tion of bearer
of share
47.-(1.) The bearer of a share warrant shall, subject to the regulations Re-registra of the company, be entitled, on surrendering such warrant for cancella- tion, to have his name entered as a member in the register of members. (2.) The company shall be responsible for any loss incurred by any person by reason of the company entering in its register of members the
warrant in register.
Ib. s. 29.
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