2018 No. 58 of 1911.
Ordinance
COMPANIES.
(6) Subject to the provisions of this Ordinance with respect to the duplicate register, the shares registered in a local register shall be distinguished from the shares registered in the principal register, and no transaction with respect to any share registered in a local register shall, during the continuance of the registration of such share in such local register, be registered in any other register.
(7) The company may discontinue the keeping of any local register, and thereupon all entries in that register shall be transferred to some other local register kept by the company, or to the register of members kept at the registered office of the company.
(8) In relation to stamp duties the following provisions shall have effect:—
(a) an instrument of transfer of a share registered in a local register under this Ordinance, shall be exempt from stamp duty;
(b) the share or other interest of a deceased member registered in a local register under this Ordinance shall, as far as relates to colonial probate duty, not be deemed to be part of his estate and effects situated in the Colony for or in respect of which probate or letters of administration is or are to be granted or whereof an inventory is to be exhibited and recorded;
(c) no estate duty under the Estate Duty Ordinance, 1915, No. 16 of 1915, shall be payable in respect of the share or other interest of a deceased member registered in a local register under this Ordinance.
Notice to company keeping a
(9) Subject to the provisions of this Ordinance, any company may, by its regulations as originally framed, or as altered by special resolution, make such provisions as it may think fit respecting the keeping of local registers.
36. (1) When the Registrar of Companies has reasonable cause to believe that a company is keeping, in any place outside the Colony where it transacts business, a register of members without having a valid licence under this Ordinance, he shall publish in the Gazette and send to the company a notice that at the expiration of two months from
thereon.
*
*
As amended by Law Rev. Ord., 1924. This section does not apply to China companies. (See s. 273)
+
2018 No. 58 of 1911.
Ordinance
COMPANIES.
(6) Subject to the provisions of this Ordinance with respect to the duplicate register, the shares registered in a local register shall be distinguished from the shares registered in the principal register, and no transaction with respect to any share registered in a local register shall, during the continuance of the registration of such share in such local register, be registered in any other register.
(7) The company may discontinue the keeping of any local register, and thereupon all entries in that register shall be transferred to some other local register kept by the company, or to the register of members kept at the registered office of the company.
(8) In relation to stamp duties the following provisions shall have effect :---
(a) an instrument of transfer of a share registered in a local register under this Ordinance, shall be exempt from stamp duty;
(b) the share or other interest of a deceased member registered in a local register under this Ordinance shall as far as relates to colonial probate duty not be deemed to be part of his estate and effects situated in the Colony for or in respect of which probate or letters of administra- tion is or are to be granted or whereof an inventory is to be exhibited and recorded;
(c) no estate duty under the Estate Duty Ordinance, 1915, No. 16 of 1915. shall be payable in respect of the share or other interest of a deceased member registered in a local register under this Ordinance.
Notice to company keeping a
(9) Subject to the provisions of this Ordinance, any company may by its regulations as originally framed, or as altered by special resolution, make such provisions as it may think fit respecting the keeping of local registers.
36. (1) When the Registrar of Companies has reason- able cause to believe that a company is keeping in any place local register where it transacts business outside the Colony a register without of members without having a valid licence under this proceedings Ordinance, he shall publish in the Gazette and send to the company a notice that at the expiration of two months from
licence and
thereon.
*
* As amended by Law Rev. Ord., 1924. This section does not apply to China
companies. (See s. 273),
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