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;