Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 1070C

Matters to be specified in share certificate

  (1)   A company must ensure that a certificate it issues specifying the shares held by a member of the company states:

  (a)   the name of the company and the fact that it is registered under this Act; and

  (b)   the class of the shares; and

  (c)   the amount (if any) unpaid on the shares.

Note:   Failure to comply with this subsection is an offence (see subsection   1311(1)).

  (2)   A certificate issued in accordance with subsection   (1) specifying shares held by a member of a company is prima facie evidence of the title of the member to the shares.

  (3)   A failure to comply with subsection   (1) does not affect the rights of a holder of shares.


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