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Page 98

CHAPTER 10
SHARES

para. (2) of the Seventh Schedule to the Act14 the transferor shall be deemed to remain a holder of the share until the name of the transferee is entered in the register of members in respect thereof."

Art. 23.-" Subject to such of the restrictions of these regulations as may be applicable, any member may transfer all or any of his shares by instrument in writing in any usual or common form or any other form which the directors may approve."

The following is the usual form:
" I, A. B., of , in consideration of the sum of £ paid to me by C. D., of (hereinafter called `the said transferee') do hereby transfer to the said transferee the share [or shares] numbered in the undertaking called the Company, Limited, to hold unto the said transferee subject to the several conditions on which I hold the same: and I, the said transferee, do hereby agree to take the said share [or shares] subject to the conditions aforesaid. As witness our hands the day of .
` Witness to the signatures of, etc."

Procedure on Transfer.-A transfer is effected by sending to the transferee a" proper instrument of transfer " executed by the transferor, together with the share certificate relating to the shares comprised in the transfer. The transferee then executes the transfer, stamps it and forwards it, with the share certificate and the registration fee, to the company. The company must then, within two months, either issue a share certificate to the transferee or send notice of its refusal to register the transfer (s. 78).

Table A contains the following provisions as to transfers of shares:
Art. 25.-" The directors may also decline to recognise any instrument of transfer unless
(a) a fee of 2s. 6d. or such lesser sum as the directors may from time to time require is paid to the company in respect thereof;
(b) the instrument of transfer is accompanied by the certificate of the shares to which
it relates and such other evidence as the directors may reasonably require to
show the right of the transferor to make the transfer; and
(c) the instrument of transfer is in respect of only one class of share."

Art. 27.-" The registration of transfers may be suspended at such times and for such periods as the directors may from time to time determine, provided always that such registration shall not be suspended for more than thirty days in any year."

Directors must not register a transfer unless it is correctly stamped. 15 If the consideration expressed is substantially below the value of the shares, they should make enquiry as to the true consideration; even if the stamp duty is in accordance with the consideration expressed on

14 This deals with exempt private companies, and provides that in the case of such companies, the transferee shall be treated as the holder unless registration is refused.
15 Stamp Act, 1891, s. 17 (the penalty is a fine of £10).

travel books:
where is HTML where is HEAD where is TITLE para. (2) of what is Seventh Schedule to what is Act14 what is transferor shall be deemed to remain a holder of what is share until what is name of what is transferee is entered in what is register of members in respect thereof." Art. 23.-" Subject to such of what is restrictions of these regulations as may be applicable, any member may transfer all or any of his shares by instrument in writing in any usual or common form or any other form which what is directors may approve." what is following is what is usual form: " I, A. B., of , in consideration of what is sum of £ paid to me by C. D., of (hereinafter called `the said transferee') do hereby transfer to what is said transferee what is share [or shares] numbered in what is undertaking called what is Company, Limited, to hold unto what is said transferee subject to what is several conditions on which I hold what is same: and I, what is said transferee, do hereby agree to take what is said share [or shares] subject to what is conditions aforesaid. As witness our hands the day of . ` Witness to what is signatures of, etc." Procedure on Transfer.-A transfer is effected by sending to what is transferee a" proper instrument of transfer " executed by what is transferor, together with what is share certificate relating to what is shares comprised in what is transfer. what is transferee then executes what is transfer, stamps it and forwards it, with what is share certificate and what is registration fee, to what is company. what is company must then, within two months, either issue a share certificate to what is transferee or send notice of its refusal to register what is transfer (s. 78). Table A contains what is following provisions as to transfers of shares: Art. 25.-" what is directors may also decline to recognise any instrument of transfer unless (a) a fee of 2s. 6d. or such lesser sum as what is directors may from time to time require is paid to what is company in respect thereof; (b) what is instrument of transfer is accompanied by what is certificate of what is shares to which it relates and such other evidence as what is directors may reasonably require to show what is right of what is transferor to make what is transfer; and (c) what is instrument of transfer is in respect of only one class of share." Art. 27.-" what is registration of transfers may be suspended at such times and for such periods as what is directors may from time to time determine, provided always that such registration shall not be suspended for more than thirty days in any year." Directors must not register a transfer unless it is correctly stamped. 15 If what is consideration expressed is substantially below what is value of what is shares, they should make enquiry as to what is true consideration; even if what is stamp duty is in accordance with what is consideration expressed on 14 This deals with exempt private companies, and provides that in what is case of such companies, the transferee shall be treated as what is holder unless registration is refused. 15 Stamp Act, 1891, s. 17 (the penalty is a fine of £10). where is meta name="keywords" content="old books, Free book , free book offer , free audio books , free coloring book pages , free book reports , free audio book , audio books free download , book free , free guest book , books free , free book summaries , download free audio books , free childrens books." where is where are they now rel="stylesheet" type="text/css" href="../../style.css" where is meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1" where is BODY bgColor=#ffffff text="#000000" where are they now ="#000000" v where are they now ="#FF0000" where is div align="center" where is strong where is strong where is a href="http://www.aaoldbooks.com" Books > where is a href="../default.asp" title="Book" Old Books > where is strong where is a href="default.asp" Poetry Northwest (1959) where is table width="700" border="1" align="center" cellpadding="15" cellspacing="0" where is center where is tr where is td width="160" align="center" valign="top" where is div align="center" where is td align="center" valign="top" where is div align="left" where is div align="center" where is p align="left" Page 98 where is strong CHAPTER 10 SHARES where is p align="justify" para. (2) of what is Seventh Schedule to what is Act14 what is transferor shall be deemed to remain a holder of what is share until what is name of what is transferee is entered in what is register of members in respect thereof." Art. 23.-" Subject to such of what is restrictions of these regulations as may be applicable, any member may transfer all or any of his shares by instrument in writing in any usual or common form or any other form which what is directors may approve." what is following is what is usual form: " I, A. B., of , in consideration of what is sum of £ paid to me by C. D., of (hereinafter called `the said transferee') do hereby transfer to what is said transferee what is share [or shares] numbered in what is undertaking called the Company, Limited, to hold unto what is said transferee subject to what is several conditions on which I hold what is same: and I, what is said transferee, do hereby agree to take what is said share [or shares] subject to what is conditions aforesaid. As witness our hands the day of . ` Witness to what is signatures of, etc." Procedure on Transfer.-A transfer is effected by sending to what is transferee a" proper instrument of transfer " executed by what is transferor, together with what is share certificate relating to what is shares comprised in what is transfer. what is transferee then executes what is transfer, stamps it and forwards it, with what is share certificate and what is registration fee, to what is company. what is company must then, within two months, either issue a share certificate to what is transferee or send notice of its refusal to register what is transfer (s. 78). Table A contains what is following provisions as to transfers of shares: Art. 25.-" what is directors may also decline to recognise any instrument of transfer unless (a) a fee of 2s. 6d. or such lesser sum as what is directors may from time to time require is paid to what is company in respect thereof; (b) what is instrument of transfer is accompanied by what is certificate of what is shares to which it relates and such other evidence as what is directors may reasonably require to show what is right of what is transferor to make what is transfer; and (c) what is instrument of transfer is in respect of only one class of share." Art. 27.-" what is registration of transfers may be suspended at such times and for such periods as what is directors may from time to time determine, provided always that such registration shall not be suspended for more than thirty days in any year." Directors must not register a transfer unless it is correctly stamped. 15 If what is consideration expressed is substantially below what is value of what is shares, they should make enquiry as to what is true consideration; even if what is stamp duty is in accordance with what is consideration expressed on 14 This deals with exempt private companies, and provides that in what is case of such companies, the transferee shall be treated as what is holder unless registration is refused. 15 Stamp Act, 1891, s. 17 (the penalty is a fine of £10). where is Server.Execute("_SiteMap.asp") %

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