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CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS    View history reference

PART 7.11 - TITLE AND TRANSFER    View history reference

Division 1 - Title to certain securities    View history reference

SECTION 1070C  MATTERS TO BE SPECIFIED IN SHARE CERTIFICATE  

 View history reference

1070C(1)  [Content of share certificate]  


A company must ensure that a certificate it issues specifying the shares held by a member of the company states:


(a) the name of the company and the fact that it is registered under this Act; and


(b) the class of the shares; and


(c) the amount (if any) unpaid on the shares.

Note: Failure to comply with this subsection is an offence (see subsection 1311(1)).

1070C(2)  [Title]  


A certificate issued in accordance with subsection (1) specifying shares held by a member of a company is prima facie evidence of the title of the member to the shares.

1070C(3)  [Rights of holder unaffected]  


A failure to comply with subsection (1) does not affect the rights of a holder of shares.


 



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