—(1) A certificate under the common or official seal of a company specifying any shares held by any member of the company shall be prima facie evidence of the title of the member to the shares.
(2) Every share certificate shall be under the common seal of the company or, in the case of a share certificate relating to shares on a branch register, the official seal of the company and shall state as at the date of the issue of the certificate —
the name of the company and the authority under which the company is constituted;
the address of the registered office of the company in Singapore, or, where the certificate is issued by a branch office, the address of that branch office; and
the class of the shares, the amount paid on the shares, the amount (if any) unpaid on the shares and the extent to which the shares are paid up.
(3) Failure to comply with this section shall not affect the rights of any holder of shares.
(4) 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.
[UK, 1948, s. 81; Aust., 1961, s. 92]