Companies Act (Cap. 386), article 118

118. (1) Notwithstanding any provisions contained in any other law, a transfer of shares in or debentures of a company s hall be made in writing. (2) It shall not be lawful for a company to register a transfer of shares in or debentures of the company unless a proper instrume nt of transfer or an authentic copy thereof has been delivered to the company: Cap. 364. Provided that, without prejudice to any obligation arising under the provisions of the Duty on Documents and Transfers Act , nothing in this article shall prejudice any power of the compan y to register as shareholde r or debenture holder any person to whom the right to any shares in or debentures of the company has been transmitted causa mortis . Substituted by: XXXI. 2017.76. (3) This article shall not apply to shares or debentures of a company held or evidenced in a dematerialised form or represent ed in book-entry form as immobilisation. Registration of transfer or transmission of shares or debentures.