COMPANIES ACT - 1963 (ACT 179)

    Section - 53 - Issue of Share Certificates

    (1) Every company shall, within two months after the issue of any of its shares or after the registration of the transfer of any share, deliver to the registered holder thereof a certificate under the common seal of the company stating,

    (a) the number and class of shares held by him, and the definitive numbers thereof, if any;

    (b) the amount paid on such shares and the amount, if any, remaining unpaid;

    (c) the name and address of the registered holder.

    (2) If a share certificate is defaced, lost or destroyed the company, at the request of the registered holder of the shares, shall renew the same on payment of a fee not exceeding two shillings and sixpence and on such terms as to evidence and indemnity and the payment of the company's out-of-pocket expenses of investigating evidence as the company may reasonably require.

    (3) If default is made in complying with this section the company and any officer of the company who is in default shall be liable to a fine not exceeding fifty pounds, and, on application being made by any person entitled to have the certificate delivered to him, the Court may order the company to deliver the certificate and may require the company and any such officer to bear all the costs of, and incidental to, the application.