Section 18. Certificates for shares

CHAPTER V. CERTIFICATES, TRANSFER AND TRANSMISSION OF SHARES AND STOCK. 18. Certificates for shares. Receipts for stock. Fees for certificates and receipts. Certificates and receipts to be evidence. 19. Stock and shares to be moveable property. CHAPTER V. CERTIFICATES, TRANSFER AND TRANSMISSION OF SHARES AND STOCK. 18. Every shareholder shall be entitled to a certificate, under the corporate seal of the Bank, and signed by two directors and the Secretary and Treasurer, specifying the shares held by him, and in the case of shares which are not wholly paid up, the amount paid thereon, and any holder of more than one half share may, at his option, demand a certificate for each such half share, or one or more certificates for all or any of such half shares, and such certificate or certificates shall be delivered to him accordingly: Provided that the number of such certificates shall in no case exceed the number of half shares in respect of which they are so delivered. Every proprietor of capital stock shall be entitled to a receipt signed by two directors and the Secretary and Treasurer, and specifying the amount of stock held by him, and any such proprietor may, at his option, demand one receipt for the whole of the stock, or separate receipts for any portions of the stock, so held by him, and such receipt or receipts shall be delivered to him accordingly: Provided that no receipt shall be delivered for a portion of stock less than two hundred and fifty rupees. For every certificate and receipt delivered under this section there shall be paid such fee as may for the Presidency Banks. [ACT XI] the time being be prescribed under section sixty-three, clause (k): Provided that no fee shall be payable for certificates or receipts delivered to the persons referred to in section four for shares in or stock of the Bank. Certificates and receipts to be evidence. Stock and shares to be moveable property. Form of transfer to be approved by Board. Board may require evidence of transmission. Transferor to remain proprietor till transfer registered. Power to close transfer-books. Corporation to consist of registered proprietors or shareholders only. Notice of trusts. Every such certificate and receipt shall be *prima facie* evidence of the title of the shareholder or proprietor to the shares or stock therein specified.