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 SaleAllotment and issue of shares94. Certificate of shares or stock |
| 1) | A certificate signed- |
| a) | by two directors of a company; or |
| b) | by one director and one officer duly authorised thereto by the directors; or |
| c) | in the case of a company having only one director and no officer, by that director, |
and specifying any shares or stock of that company held by any member, shall be prima facie evidence of the title of the member to such shares or stock.
| 2) | Any such signatures may be affixed to or placed on the certificate by autographic, mechanical or electronic means. |