Companies Act, 1973 (Act No. 61 of 1973)Chapter V: Share capital, Acquisition by Companies of own Shares, Shares, Allotment and Issue of Shares, Members and Register of Members, Debentures, Transfers, and Restrictions on Offering Shares for SaleTransfer of Shares and Debentures140. Limitation of time for issue of certificates on transfer |
| 1) | Unless it is entitled for any reason to refuse to register a transfer and does not register it, every company shall, within six weeks after the date on which an instrument of transfer of any shares, debentures, debenture stock or securities is lodged with it, complete and have ready for delivery the certificates in respect of the shares, debentures, debenture stock or securities of which the transfer is to be registered. |
| 2) | If default is made in complying with the requirements of subsection (1), the provisions of section 96(2) and (3) shall apply mutatis mutandis. |