The Hongkong and Shanghai Banking Corporation.
taking by the transferee of every share thereby transferred to perform and observe all the duties and obligations of a shareholder in respect of such share in accordance with the provisions of the Ordinance and regulations. The instrument of transfer of any share shall, unless and until otherwise prescribed by the board, be in the form contained in Appendix 2 or to the like effect.
[CAP. 70
transfer:
(2) The instrument of transfer of any share shall be signed by both the transferor and transferee but need not be signed on behalf of the bank, and the transferor shall be deemed to remain the holder of such shares until the name of the transferee is entered in the appropriate register in respect thereof.
(3) Every instrument of transfer shall be left with the bank for registration in that one of the registers in which the shares are entered, accompanied 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 regulation 52 may require to prove the title of the transferor or his right to transfer the shares.
(4) A fee not exceeding the sum of two dollars or its equivalent in 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 a 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.
transfer to bank and title given:
be left with
evidence of
scrip fees duty.
and stamp
to become
on registration of transfer.
54. When the instrument of transfer has been 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 advantages, 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.
55. Upon every transfer or transmission of shares the existing certificate 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
Surrender of issue of new
old and
certificate.
*
365
Page 20
Page 21
The Hongkong and Shanghai Banking Corporation.
taking by the transferee of every share thereby transferred to perform and observe all the duties and obligations of a shareholder in respect of such share in accordance with the provisions of the Ordinance and regulations. The instru- ment of transfer of any share shall, unless and until other- wise prescribed by the board, be in the form contained in Appendix 2 or to the like effect.
[CAP. 70
transfer:
(2) The instrument of transfer of any share shall be execution of signed by both the transferor and transferee but need not be signed on behalf of the bank, and the transferor shall be deemed to remain the holder of such shares until the name of the transferee is entered in the appropriate register in respect thereof.
(3) Every instrument of transfer shall be left with the bank for registration in that one of the registers in which the shares are entered, accompanied 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 regula- tion 52 may require to prove the title of the transferor or his right to transfer the shares.
(4) A fee not exceeding the sum of two dollars or its equivalent in 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 a transfer or transmission or on the splitting up of an existing certi- ficate 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.
transfer to bank and title given:
be left with
evidence of
scrip fees duty.
and stamp
to become
on registra- tion of transfer.
54. When the instrument of transfer has been SO Transferee registered the transferee shall be and be deemed a share- shareholder holder and shall from the date of such registration be entitled to the same privileges and advantages, 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.
55. Upon every transfer or transmission of shares the existing certificate shail be given up to be cancelled, and shall forthwith be cancelled accordingly, and a new certi- ficate shall be issued to the new shareholder in respect of
Surrender of issue of new
old and
certificate.
*
365
Page 20Page 21
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