1964_COMPANIES_ORDINANCE — Page 334

76

CAP. 32]

Companies

[1984 Ed.

(a) the company has delivered a copy of the notice to each recognized stock exchange and an authorized officer there- of has certified to the company in writing that such copy is being exhibited in accordance with subsection (5); (b) where the notice relates to an application made by a person 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 com- pany; and

(ii) a period of 3 months has expired since the date of service of such copy.

(5) Every recognized stock exchange shall set aside a conspicu- ous place therein for posting and exhibiting all copies of notices delivered to the exchange under subsection (4)(a), 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 subsection

(3)(a), 1 month;

(b) in the case of an application referred to in subsection

(3)(b), 3 months.

(6) A company shall not issue a new certificate under this section unless-

(a) the company has published a notice under subsection (3)

advertising its intention to do so and―

(i) in the case of a notice published under subsec- tion (3)(a), a period of not less than 1 month from the latest valid publication thereof has expired; or

(ii) in the case of a notice published under subsec- tion (3)(b), a period of not less than 3 months from the first valid publication thereof has expired; and

(b) the company has not received notice of any other claim in

respect of the relevant shares; and

(c) where the applicant for the new certificate is a person other

than the registered holder of the relevant shares-

(i) an instrument of transfer in respect of the relevant shares is delivered to the company under section 66; or

(ii) if, 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 instrument 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.

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