All sections · Part V: Shares · Sub-Part VII: Security over shares
91 Form of pledge of shares
(1) A pledge of shares of a company shall be in writing signed by, or with the
authority of, the shareholder whose name is entered in the company‘s
register of members as the holder of the share to which the pledge relates.
(2) A pledge of shares of a company need not be in any specific form but it
shall clearly indicate —
(a) the intention to create a pledge; and
(b) the amount secured by the pledge or how that amount is to be
calculated.
authority of, the shareholder whose name is entered in the company‘s
register of members as the holder of the share to which the pledge relates.
(2) A pledge of shares of a company need not be in any specific form but it
shall clearly indicate —
(a) the intention to create a pledge; and
(b) the amount secured by the pledge or how that amount is to be
calculated.
