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rtificate is your proof that you own the shares, though all is not lost if the certificate is lost or destroyed. In some circumstances the certificate is regarded as prima facie evidence of title, but the difference is a fine legal point.
One of your rights as a shareholder is that you can transfer your shares to whom you like when you like. A public company cannot restrict your right to sell your shares.
When a shareholder dies, his shares are said to be transmitted rather than transferred, though the procedure is similar.
The company records you as a shareholder in its register of members when you have taken up an allotment or had shares transferred or transmitted to you. It must issue a share certificate within two months. The share certificate will usually be numbered, though this is not a legal requirement.
The register of members is usually kept at the company's registered office. A copy of it is sent every year with the company's annual return to the Registrar of Companies. The register is open to inspectio
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