Members
 
 
 
ACT 125
COMPANIES ACT 1965 (REVISED - 1973)
PART IV - SHARES, DEBENTURES AND CHARGES
DIVISION 6 - TITLE AND TRANSFERS

 
Section 105. Notice of refusal to register transfer.
 
Section 105. Notice of refusal to register transfer. (COMPANIES ACT 1965 (REVISED - 1973) - ACT 125) (1) If a company refuses to register a transfer of any share, debentures or other interests in the company it shall, within one month after the date on which the transfer was lodged with it, send to the transferor and to the transferee notice of the refusal.

(2) If default is made in complying with this section the company and every officer of the company who is in default shall be guilty of an offence against this Act.

Penalty: One thousand ringgit. Default penalty.