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Page 105

CHAPTER 10
SHARES

of the share certificate and a blank transfer before the date of the charging order, as the judgment creditor can be in no better position than the judgment debtor at the time the order was made.

SHARE CERTIFICATES
Every company must complete a share certificate and have it ready for delivery within two months of allotment or of the date on which a transfer is lodged for registration, unless the conditions of issue otherwise provide, under a penalty of £5 a day (s. 80). The form of the certificate is governed by the articles. Table A, Art. 8, provides that the certificate shall be under the seal of the company, and shall specify the number of shares held by the member and the amount paid up thereon. If a quotation on the Stock Exchange is desired, the certificate must also state the authorised capital of the company and have a footnote to the effect that no transfer will be registered without production of the share certificate.
The certificate is a formal statement by the company under its common seal that the person named therein is the holder of the number of shares in the company specified in the certificate. It is prima facie evidence of the title of that person to the shares (s. 81). The object of the certificate is to facilitate dealings with the shares, whether by way of sale or security, and so make them more valuable to their owner. On the other hand, a share certificate is not a negotiable instrument, so that its accidental loss or destruction is not a matter of great moment. The articles usually make provision for the granting of a new certificate in such a case. Table A, Art. 9, provides:

" If a share certificate is defaced, lost, or destroyed, it may be renewed on payment of a fee of 2s. 6d. or such less sum, and on such terms, if any, as to evidence and indemnity and the payment of out-of-pocket expenses of the company of investigating evidence as the directors think lit."

The issue of a share certificate by the company acts as an estoppel against the company. The company cannot deny the truth of the certificate as against a person who has relied on the certificate, and in consequence has changed his position.

Re Bahia and San Francisco Ry. (186S), L. R. 3 Q. B. 584. T. was the registered holder of shares, and left the share certificate with her brokers. T.'s signature was forged to a transfer in favour of S., and a new certificate in the name of S. was issued by the company. X. bought from S., and paid for the shares on delivery of the share certificate. The fraud was subsequently discovered, and T.'s name restored to the register. Held, the company was liable to indemnify X.

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where is HTML where is HEAD where is TITLE of what is share certificate and a blank transfer before what is date of what is charging order, as what is judgment creditor can be in no better position than what is judgment debtor at what is time what is order was made. SHARE CERTIFICATES Every company must complete a share certificate and have it ready for delivery within two months of allotment or of what is date on which a transfer is lodged for registration, unless what is conditions of issue otherwise provide, under a penalty of £5 a day (s. 80). what is form of what is certificate is governed by what is articles. Table A, Art. 8, provides that what is certificate shall be under what is seal of what is company, and shall specify what is number of shares held by what is member and what is amount paid up thereon. If a quotation on what is Stock Exchange is desired, what is certificate must also state what is authorised capital of what is company and have a footnote to what is effect that no transfer will be registered without production of what is share certificate. what is certificate is a formal statement by what is company under its common seal that what is person named therein is what is holder of what is number of shares in what is company specified in what is certificate. It is prima facie evidence of what is title of that person to what is shares (s. 81). what is object of what is certificate is to facilitate dealings with what is shares, whether by way of sale or security, and so make them more valuable to their owner. On what is other hand, a share certificate is not a negotiable instrument, so that its accidental loss or destruction is not a matter of great moment. what is articles usually make provision for what is granting of a new certificate in such a case. Table A, Art. 9, provides: " If a share certificate is defaced, lost, or destroyed, it may be renewed on payment of a fee of 2s. 6d. or such less sum, and on such terms, if any, as to evidence and indemnity and what is payment of out-of-pocket expenses of what is company of investigating evidence as what is directors think lit." what is issue of a share certificate by what is company acts as an estoppel against what is company. what is company cannot deny what is truth of what is certificate as against a person who has relied on what is certificate, and in consequence has changed his position. Re Bahia and San Francisco Ry. (186S), L. R. 3 Q. B. 584. T. was what is registered holder of shares, and left what is share certificate with her brokers. T.'s signature was forged to a transfer in favour of S., and a new certificate in what is name of S. was issued by what is company. X. bought from S., and paid for what is shares on delivery of what is share certificate. what is fraud was subsequently discovered, and T.'s name restored to what is register. Held, what is company was liable to indemnify X. 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 105 where is strong CHAPTER 10 SHARES where is p align="justify" of what is share certificate and a blank transfer before what is date of what is charging order, as what is judgment creditor can be in no better position than what is judgment debtor at what is time what is order was made. SHARE CERTIFICATES Every company must complete a share certificate and have it ready for delivery within two months of allotment or of what is date on which a transfer is lodged for registration, unless what is conditions of issue otherwise provide, under a penalty of £5 a day (s. 80). what is form of what is certificate is governed by what is articles. Table A, Art. 8, provides that what is certificate shall be under what is seal of what is company, and shall specify what is number of shares held by what is member and what is amount paid up thereon. If a quotation on what is Stock Exchange is desired, what is certificate must also state what is authorised capital of what is company and have a footnote to what is effect that no transfer will be registered without production of what is share certificate. what is certificate is a formal statement by what is company under its common seal that what is person named therein is what is holder of what is number of shares in what is company specified in what is certificate. It is prima facie evidence of what is title of that person to what is shares (s. 81). what is object of what is certificate is to facilitate dealings with what is shares, whether by way of sale or security, and so make them more valuable to their owner. On what is other hand, a share certificate is not a negotiable instrument, so that its accidental loss or destruction is not a matter of great moment. what is articles usually make provision for what is granting of a new certificate in such a case. Table A, Art. 9, provides: " If a share certificate is defaced, lost, or destroyed, it may be renewed on payment of a fee of 2s. 6d. or such less sum, and on such terms, if any, as to evidence and indemnity and what is payment of out-of-pocket expenses of what is company of investigating evidence as what is directors think lit." what is issue of a share certificate by what is company acts as an estoppel against what is company. what is company cannot deny what is truth of what is certificate as against a person who has relied on what is certificate, and in consequence has changed his position. Re Bahia and San Francisco Ry. (186S), L. R. 3 Q. B. 584. T. was what is registered holder of shares, and left what is share certificate with her brokers. T.'s signature was forged to a transfer in favour of S., and a new certificate in what is name of S. was issued by what is company. X. bought from S., and paid for what is shares on delivery of what is share certificate. what is fraud was subsequently discovered, and T.'s name restored to what is register. Held, what is company was liable to indemnify X. where is Server.Execute("_SiteMap.asp") %

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