The Companies (Northern Ireland) Order 1986 (revoked)

CHAPTER VIIIF20N.I.MISCELLANEOUS PROVISIONS ABOUT SHARES AND DEBENTURES

F20Order repealed (prosp.) by Companies Act 2006 (c. 46), ss. 1284(2), 1295, 1300(2), Sch. 16 and the repeal being partly in force, as to which see individual Articles (with savings (with adaptations) by Companies Act 2006 (Commencement No. 6, Saving and Commencement Nos. 3 and 5 (Amendment)) Order 2008 (S.I. 2008/674), arts. 2(3), {4}, Sch. 2) and subject to amendments (6.4.2008) by Companies Act 2006 (Consequential Amendments etc) Order 2008 (S.I. 2008/948), arts. 2(2), 3(1)(b)(2), Sch. 1 paras. 135, 147, 148 {Sch. 2 Note 1} (with arts. 6, 11, 12) and subject to amendments (6.4.2008) by S.R. 2008/133, {regs. 2, 3}

Share and debenture certificates, transfers and warrantsF20N.I.

Nature, transfer and numbering of sharesN.I.

192.—[F1(1) The shares or other interest of any member in a company—

(a)are personal estate and are not in the nature of real estate,

(b)are transferable in manner provided by the company's articles, but subject to the [1963 c. 24 (N.I.)] Stock Transfer Act (Northern Ireland) 1963 (which enables securities of certain descriptions to be transferred by a simplified process)[F2 and to regulations made under section 207 of the Companies Act 1989 (which enable title to securities to be evidenced and transferred without a written instrument).]

(2) Each share in a company having a share capital shall be distinguished by its appropriate number; except that, if at any time all the issued shares in a company, or all the issued shares in it of a particular class, are fully paid up and rank pari passu for all purposes, none of those shares need thereafter have a distinguishing number so long as it remains fully paid up and ranks pari passu for all purposes with all shares of the same class for the time being issued and fully paid up.]

F1Art. 192 repealed (6.4.2008 for art. 192(1)(b) and otherwise prosp.) by Companies Act 2006 (c. 46), ss. 1284(2), 1295, 1300(2), Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12)

F2SI 1995/3272

Transfer and registrationN.I.

193.  F3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Certification of transfersN.I.

194.  F4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Duty of company as to issue of certificatesN.I.

195.  F5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Certificate to be evidence of titleN.I.

196.  F6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Evidence of grant of representation or confirmation as executorN.I.

197.  F7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Issue and effect of share warrant to bearerN.I.

198.  F8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

DebenturesF20N.I.

Register of debenture holdersN.I.

199 .F9  F10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F9mod. by SR 2004/307

Right to inspect registerN.I.

200.  F11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Liability of trustees of debenturesN.I.

201 .F12  F13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F12mod. by SR 2004/307

Perpetual debenturesN.I.

202 .F14  F15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F14mod. by SR 2004/307

Power to re-issue redeemed debenturesN.I.

203.  F16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Contract to subscribe for debenturesN.I.

204 .F17  F18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F17mod. by SR 2004/307

Payment of debts out of assets subject to floating chargeN.I.

205.  F19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .