Document ID: chunk:federal_register_of_legislation:C2005C00498:clause:1_1070c
Version: federal_register_of_legislation:C2005C00498
Segment Type: clause
Provision Reference: sch 1 cl 1070C
Character Range: 738075–738770

1070C  Matters to be specified in share certificate

 (1) 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)).

 (2) 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.

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