All sections · Part V: Shares · Sub-Part I: General
48 Bearer shares prohibited
A company shall not, and has no power to, —
(a) issue a bearer share;
(b) convert a registered share into a bearer share;
(c) exchange a registered share for a bearer share; or
(d) convert any other securities into, or exchange any other securities for,
bearer shares.
(a) issue a bearer share;
(b) convert a registered share into a bearer share;
(c) exchange a registered share for a bearer share; or
(d) convert any other securities into, or exchange any other securities for,
bearer shares.
