Section 44
of International Business Companies Order, 2000
Section 44
(1)
An IBC may state in its Articles whether or not certificates will be issued in respect of shares.
(2)
If an IBC issues certificates in respect of its shares, the certificates may be signed by two directors or by one director and a secretary, or be under the common seal of the
IBC, with the signature of a director or secretary of the IBC, and the Articles may provide for the signatures or common seal to be facsimiles.
(3)
A certificate issued in accordance with subsection (2) specifying a share held by a member of the IBC is prima facie evidence of the title of the member to the specified share.
Incorporating amendments until S 53/2017
(Clean Vesion) NANI/zimah _ as of 11 February 2020
52
BLUV as at 20th June 2017
Validation of shares improperly issued.