Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.11 - TITLE AND TRANSFER  

Division 2 - Transfer of certain securities  

Subdivision B - Special provisions for shares  

SECTION 1072F   REGISTRATION OF TRANSFERS (REPLACEABLE RULE - SEE SECTION 135)  

1072F(1)   [ Person remains holder until transfer registered, etc]  

A person transferring shares remains the holder of the shares until the transfer is registered and the name of the person to whom they are being transferred is entered in the register of members in respect of the shares.

1072F(2)   [ Directors not required to register transfer]  

The directors are not required to register a transfer of shares in the company unless:


(a) the transfer and any share certificate have been lodged at the company's registered office; and


(b) any fee payable on registration of the transfer has been paid; and


(c) the directors have been given any further information they reasonably require to establish the right of the person transferring the shares to make the transfer.

1072F(3)   [ Directors may refuse to register]  

The directors may refuse to register a transfer of shares in the company if:


(a) the shares are not fully-paid; or


(b) the company has a lien on the shares.

1072F(4)   [ Directors may suspend registration]  

The directors may suspend registration of transfers of shares in the company at the times and for the periods they determine. The periods of suspension must not exceed 30 days in any one calendar year.


 

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.