Cap. 168 Art. 105Issue 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 lodged 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, the debentures and the certificates of all debenture stock allotted, transferred or transmitted causa mortis to the persons entitled thereto, unless the conditions of issue of the shares or debentures otherwise provide.

(2) The expression "transfer" for the purposes of this article of this article, every officer of the company who is in default shall be liable to a penalty not exceeding four euro and sixty-six cents (4.66) for every day during which the default continues.