C1C2Part 21Certification and transfer of securities

Annotations:
Modifications etc. (not altering text)
C1

Pt. 21 applied (with modifications) (8.00 a.m. on 29.9.2008) by The Bradford & Bingley plc Transfer of Securities and Property etc. Order 2008 (S.I. 2008/2546), art. 4(7)

Chapter 1Certification and transfer of securities: general

Share warrants

780Duty of company as to issue of certificates on surrender of share warrant

1

A company must, within two months of the surrender of a share warrant for cancellation, complete and have ready for delivery the certificates of the shares specified in the warrant.

2

Subsection (1) does not apply if the company's articles provide otherwise.

3

If default is made in complying with subsection (1) an offence is committed by every officer of the company who is in default.

4

A person guilty of an offence under subsection (3) is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.