TRANSFER AND TRANSMISSION OF SHARES 63
both in the case of shares acquired by a member by transfer
and in the case of shares transferred by him, to the transfer
numbers. Some Companies provide also for the numbers
of the share certificates issued being shown in the Register
of members. A form of Share Register will be found in
Appendix F (Form 28).

In the case of the issue of share warrants, the name of the
holder must be struck out of the register, as if he had ceased
to be a member, and there must be entered in the register
(i) the fact of the issue of the warrant; (ii) a statement of
the shares or stock included in the warrant, distinguishing
each share by its number; and (iii) the date of the issue of
the warrant. Until the warrant is surrendered, these par-
ticulars are to be deemed to be the particulars required by
the Act to be entered in the register. On the surrender of
the warrant the date of the surrender must be entered
[s. 97 (1) (4)]. On surrendering the warrant for cancellation
the bearer is entitled to be registered as a member in the
ordinary way [s. 97 (2)].

In the case of joint accounts, it is undesirable for the
number of holders to exceed four; but to enable a company
to insist on this limitation its articles should contain an
appropriate provision, failing which the names of all joint
holders, however many, must be entered on the register.
If more than one account is allowed in the same name or names,
appropriate designations for the respective holdings would be
‘Jones No. 1 Account’, ‘ Jones No. 2 Account,” and so on.
Joint holders may, in order that their voting rights may be
fully exerciseable have their holdings split, a different
name appearing first in each entry in the register [Burns
v. Siemens Brothers (1919), 1 Ch. 225]. Any such applica-
tion must be joint by all the holders.

As regards alterations of names in the register, in the case
of the marriage of a female shareholder, the marriage certi-
ficate should be produced before the necessary alteration
is made. A Form of Request is useful as giving a specimen
of the new signature. In other cases of change of surname
the deed-poll, or copy of the London Gazette containing the
notification, should be produced. Any other documentary
evidence should be verified by a statutory declaration. In
all the above cases no new share certificate need be issued,
but the existing certificate should be produced and the new
names enfaced thereon.

There is a prohibition against the entry of trusts on the Trusts
register. ‘No notice of any trust, express, implied, or con-
structive, shall be entered on the register. or be receivable

Share
Warrants.