771 Procedure on transfer being lodged

771  Procedure on transfer being lodged

(1)     When a transfer of shares in or debentures of a company has been lodged with the company, the company must either—

(a)     register the transfer, or

(b)     give the transferee notice of refusal to register the transfer, together with its reasons for the refusal,

as soon as practicable and in any event within two months after the date on which the transfer is lodged with it.

[(1A)

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