- 2 Marks
BCL – Mar 2024 – L1 – Q4c – Types of Capital and the Financing of Companies, Company Law
Explain the legal significance of statements made in a share certificate under the Companies Act, 2019 (Act 992).
Question
“Statements made in a share certificate, especially where the certificate bears the common seal of the company, shall be absolute or unassailable evidence of the title of the person named in the Certificate.”
Required:
Explain if the above statement is the true position of the law in terms of the provisions of the Companies Act, Act 992.
(2 marks)
Find Related Questions by Tags, levels, etc.
- Tags: Companies Act, Company Law, Legal Evidence, Ownership of Shares, Share Certificates
- Level: Level 1
- Topic: Contract Law, Types of capital and the financing of companies
- Series: MAR 2024
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