1964_THE_HONGKONG_AND_SHANGHAI_BANKING_REGULATIONS — Page 26

HK Historical Laws 香港歷史法例 All AI Reviewed

CAP. 70]

The Hongkong and Shanghai Bank Regulations

[1989 Ed.

[Subsidiary]

in respect of transfers or transmissions or other entries proposed to be so registered, exercise all the powers of the board in the same manner and to the same extent and effect as if the board was actually present and was exercising the same.

53. Transfers: method, procedure and fees

(1) Shares in the bank shall be transferred by an instrument executed by or on behalf of the transferor and the transferee in the form set out in Appendix 2 or in any usual or common form or any other form which the board may approve provided that the board may waive the requirement for execution by or on behalf of the transferee in such circumstances or in such cases, and subject to such terms and conditions, as the board may in its discretion think fit. (L.N. 157 of 1987; L.N. 334 of 1989)

(2) (Repealed L.N. 86 of 1974)

(3) The transferor of shares in the bank shall be deemed to remain the holder of such shares until the name of the transferee is entered in the appropriate registers in respect thereof. (L.N. 43 of 1964)

(4) Every instrument of transfer shall be left with the bank or at any other place from time to time designated by the board 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. (L.N. 86 of 1974)

(5) If the board so requires, a fee of not less than two dollars or its equivalent in local currency shall be paid before the issue of any new certificate, whether the same is issued consequent on a transfer or transmission of the shares to which it relates or the splitting up of an existing certificate. (L.N. 43 of 1964; L.N. 97 of 1977)

54. Transferee to become shareholder

on registration of transfer

(L.N. 43 of 1964)

When the instrument of transfer has been so 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. Surrender of old and issue of new certificate

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.

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CAP. 70]The Hongkong and Shanghai Bank Regulations[1989 Ed.[Subsidiary]in respect of transfers or transmissions or other entries proposed to be so registered, exercise all the powers of the board in the same manner and to the same extent and effect as if the board was actually present and was exercising the same.53. Transfers: method, procedure and fees(1) Shares in the bank shall be transferred by an instrument executed by or on behalf of the transferor and the transferee in the form set out in Appendix 2 or in any usual or common form or any other form which the board may approve provided that the board may waive the requirement for execution by or on behalf of the transferee in such circumstances or in such cases, and subject to such terms and conditions, as the board may in its discretion think fit. (L.N. 157 of 1987; L.N. 334 of 1989)(2) (Repealed L.N. 86 of 1974)(3) The transferor of shares in the bank shall be deemed to remain the holder of such shares until the name of the transferee is entered in the appropriate registers in respect thereof. (L.N. 43 of 1964)(4) Every instrument of transfer shall be left with the bank or at any other place from time to time designated by the board 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. (L.N. 86 of 1974)(5) If the board so requires, a fee of not less than two dollars or its equivalent in local currency shall be paid before the issue of any new certificate, whether the same is issued consequent on a transfer or transmission of the shares to which it relates or the splitting up of an existing certificate. (L.N. 43 of 1964; L.N. 97 of 1977)54. Transferee to become shareholderon registration of transfer(L.N. 43 of 1964)When the instrument of transfer has been so 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. Surrender of old and issue of new certificateUpon 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.

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A 26CAP. 70]The Hongkong and Shanghai Bank Regulations[1989 Ed.[Subsidiary]in respect of transfers or transmissions or other entries proposed to be so registered, exercise all the powers of the board in the same manner and to the same extent and effect as if the board was actually present and was exercising the same.53. Transfers: method, procedure and fees(1) Shares in the bank shall be transferred by an instrument executed by or on behalf of the transferor and the transferee in the form set out in Appendix 2 or in any usual or common form or any other form which the board may approve provided that the board may waive the requirement for execution by or on behalf of the transferee in such circumstances or in such cases, and subject to such terms and conditions, as the board may in its discretion think fit. (L.N. 157 of 1987; L.N. 334 of 1989)(2) (Repealed L.N. 86 of 1974)(3) The transferor of shares in the bank shall be deemed to remain the holder of such shares until the name of the transferee is entered in the appropriate registers in respect thereof. (L.N. 43 of 1964)(4) Every instrument of transfer shall be left with the bank or at any other place from time to time designated by the board 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. (L.N. 86 of 1974)(5) If the board so requires, a fee of not less than two dollars or its equivalent in local currency shall be paid before the issue of any new certificate, whether the same is issued consequent on a transfer or transmission of the shares to which it relates or the splitting up of an existing certificate. of 1964; L.N. 97 of 1977)54. Transferee to become shareholderon registration of transfer(L.N. 43 When the instrument of transfer has been so 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. Surrender of old and issue of new certificateUpon every transfer or transmission of shares the existing certificate shall be given up to be cancelled, and shall forthwith be cancelled accordingly, and a

2026-05-05 14:37:13 · Baseline

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