Secretarial practice

Bibliographic data

Monograph

Identifikator:: 1828236004

URN:: urn:nbn:de:zbw-retromon-249926

Document type:: Monograph

Title:: Secretarial practice

Edition:: fourth edition

Place of publication:: Cambridge

Publisher:: W. Heffer & Sons Ltd

Year of publication:: 1930

Scope:: viii, 987 Seiten

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter VIII. Transfer and transmission of shares

Collection:: Economics Books

TRANSFER AND TRANSMISSION OF SHARES 71 A rubber stamp is commonly used to certify transfers, the signature of the secretary or registrar being added in a space left for the purpose. The certification should always be signed and not merely initialled. The date also should be inserted. The following form should be adopted: — Certificate for shares [or stock] has been lodged at the Company's office. Date For the Company, Limited. , Secretary. (Address.) When a transfer is presented for certification before the transferor has been registered, the words ‘transfer Receipt No.....’ should be substituted for the word ‘Certificate.’ The address of the company should, for the convenience of stockbrokers and others. be included on the certification stamp. The record of certified transfers should be kept by indorse- ment on the back of the certificate or by means of a certifica- tion form that can be attached to the Certificates. The certificate should immediately be cancelled and the cancelled certificates, on which will be indorsed the record of cer- tification, should be preserved. It will be found convenient, upon a transfer being pre- sented for certification, to send notice to the transferor at once instead of waiting until the transfer is lodged for regis- tration. This method has the advantage of giving the earliest possible notification to the holder of the shares, and effects a great saving of time and trouble both to the company and the transferor where there are many certifications against one certificate. A form of notice will be found in Appendix F (Form 18). It is the practice of provincial Stock Exchanges to certify transfers of shares as well as of stock. The Stock Exchange, London, has only certified transfers of stock hitherto; but is now undertaking by gradual stages the certification not only of stock quoted in the Official List as at present, but also of unquoted stock and of quoted and unquoted fully-paid shares. In all cases the certificate is lodged with the Stock Exchange and a form filled up giving the necessary par- ticulars. This form is sent by the Stock Exchange with the corresponding certificate to the Company concerned by the same day's post. The practice of Stock Exchanges certifying transfers is increasing. and is a convenience to stock brokers.

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