S.L. 234.42 Art. 36Issue of certificates.

(1) Every company shall, within two months after the allotment of any of its shares or debentures and within two months after the date on which a transfer of any such shares or debentures is registered with the company, and within one month from the date on which any such shares or debentures transmitted causa mortis have been registered in the name of the person entitled to be registered as the holder thereof, deliver the certificates of all shares, debentures or debenture stock allotted, transferred or transmitted to the persons entitled thereto, unless the causa mortis conditions of issue of the shares or debentures otherwise provide.

(2) The expression "transfer" for the purposes of this regulation means a transfer on which the relevant duty, if any, has been paid and is otherwise valid, and does not include such a transfer as the company is for any reason entitled to refuse to register and does not register.

(3) In the case of a transfer or of a transmission of causa mortis shares the company shall within fourteen days after the date on which a transfer of any such shares is registered with the company, and within one month from the date on which any such shares transmitted have been registered in the name of the causa mortis person entitled to be registered as the holder thereof, deliver to the Registrar for registration a notice of the transfer or the transmission stating the names and addresses of the transferees or causa mortis the names and addresses of the persons entitled to the shares transmitted as the case may be. causa mortis,

(4) If default is made in complying with any of the provisions of this regulation, every officer of the company who is in default shall be liable to a penalty, and, for every day during which the default continues, to a further penalty.