Section 130 — Transfer of shares and debentures in public companies

(1)Despite anything in its constitution, a public company must not register a transfer of shares or debentures unless a proper instrument of transfer has been delivered to the company, but this subsection does not affect any power to register as a shareholder or debenture holder any person to whom the right to any shares in or debentures of the company has been transmitted by operation of law.[36/2014]

(2)Where there has been a transfer of shares, a public company may lodge with the Registrar a notice of that transfer of shares in the prescribed form.[36/2014]

(3)The notice must state —

(a)every other transfer of shares effected prior to the date of the notice, other than a transfer that has been previously notified to the Registrar; or

(b)the prescribed information in relation to the shares held by each of the 50 members who hold the most number of shares in the public company after the transfer.[36/2014]