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Companies Act 1967

Companies Act 1967 s 66

s 66 Share warrants

66.—(1) A company must not issue any share warrant stating that the bearer of the warrant is entitled to the shares therein specified and which enables the shares to be transferred by delivery of the warrant.(2) The bearer of a share warrant issued before 29 December 1967 is, in the 2‑year period after 1 July 2015, entitled to surrender it for cancellation and to have the bearer’s name entered in the register of members.[36/2014] (3) The company is responsible for any loss incurred by any person by reason of the company entering in the register the name of a bearer of a share warrant issued before 29 December 1967 in respect of the shares therein specified without the warrant being surrendered and cancelled.[36/2014] (4) A company must cancel any share warrant which is issued by a company before 29 December 1967 that is unaccounted for by the expiry of the 2‑year period mentioned in subsection (2), and the company is not responsible for any loss incurred by any person by reason of such cancellation.[36/2014] —(1) A company must not issue any share warrant stating that the bearer of the warrant is entitled to the shares therein specified and which enables the shares to be transferred by delivery of the warrant. (2) The bearer of a share warrant issued before 29 December 1967 is, in the 2‑year period after 1 July 2015, entitled to surrender it for cancellation and to have the bearer’s name entered in the register of members.[36/2014] (3) The company is responsible for any loss incurred by any person by reason of the company entering in the register the name of a bearer of a share warrant issued before 29 December 1967 in respect of the shares therein specified without the warrant being surrendered and cancelled.[36/2014] (4) A company must cancel any share warrant which is issued by a company before 29 December 1967 that is unaccounted for by the expiry of the 2‑year period mentioned in subsection (2), and the company is not responsible for any loss incurred by any person by reason of such cancellation.[36/2014]

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Source: Singapore Statutes Online (Attorney-General's Chambers), © Government of Singapore.