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 75 transfer has been lodged for registration subject to the approval of the board. Form of receipt to be used when the transfer is handed in over the counter, and when it is sent by post, will be found in Appendix F (Form 19). This form is, it will be observed, bound as a book with counterfoil. A rubber stamp should be used to stamp each transfer for the purpose of recording the various operations con- nected with it, and the records should be duly made from time to time until they are complete. A specimen Stamp is given in Form 20. Upon receipt of a transfer for registration, the signature of the transferor should be carefully compared with the record in the office and a notice should be sent to the transferor stating that the transfer has been lodged, and that, unless objection is received, it will be assumed to be in order. A Form of Notice is given in Appendix F (Form 18). This will be unnecessary where a notice was sent on certifica- tion. If the transferor is a corporate body, the notice should be sent to the corporation, or in accordance with its articles. In the case of joint holders, it should be sent to every holder. The registration of transfers is, subject to the articles, a matter for the board, for whose approval they must be submitted. But before the transfers are submitted to the board for approval they should be carefully scrutinised by the secretary or his responsible deputy with a view to seeing— That the transferor’s name, address, and description is in exact accord with the register; That the consideration money bears its proper relation to the fair and reasonable market value of the stock or shares transferred; That the transferee’s full name, address, and description 1s clearly entered therein; [f the capital of the company is divided into two or more classes of shares or stock, that the class of shares specified in the transfer is the same class as that comprised in the certificate. That the number of shares or amount of stock is written in correctly in words; That in the case of shares the distinctive numbers are clearly entered and agree with the numbers appearing on the certificate and with the number of shares to be transferred; That the name of the company is correctly given;

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