1964_THE_HONGKONG_AND_SHANGHAI_BANKING_REGULATIONS — Page 2

CAP. 70]

The Hongkong and Shanghai Bank Regulations

[1989 Ed.

[Subsidiary]

Regulation

Page

Calls

23. When call deemed due .......... A 18

24. Liability of joint holders. A 18

25. Notice of call A 18

26. Mode of giving notice of call A 18

27. No other notice of call necessary. A 18

28. Extension of time for paying calls A 18

29. Premium and instalment deemed to be "call" A 19

30. Interest on unpaid calls A 19

31. Evidence in action for call A 19

Registers of shareholders-registers as evidence

Particulars to be entered in registers; closures; limitations on transfers between registers

32. A 19

33. Register as evidence A 20

Forfeiture and lien

34. Shares liable to forfeiture in certain events A 21

35. Arrears payable notwithstanding forfeiture A 21

36. Procedure for enforcing forfeiture and effect thereof .......................... A 21

37. Notice and entry of forfeiture A 22

38. Board may accept composition for call A 22

39. Forfeited shares to become property of bank A 22

40. Power to annul forfeiture A 22

41. Forfeiture of share to extinguish claims on the bank ....... A 22

Bank's lien on shares A 23

42. A 23

43. Enforcing lien by sale A 23

44. Application of proceeds of sale A 23

45. Sales after forfeiture or under lien; rights and liabilities of purchasers A 23

Transfer and transmission of shares

46. Register of transfers A 24

47. Periods during which registers may be closed A 24

48. Power to decline to register transfer A 24