Section 88: Request of transfer or for entry in register

88. Request of transfer or for entry in register (1) On the written request of the transferor of any share, debenture or other interest in a company, the company shall enter, in the appropriate register, C35 – 63 [Issue 6] Companies Act the name of the transferee in the same manner and subject to the same conditions as if the application for the entry were made by the transferee. (2) On the written request of the transferor of a share or debenture or other interest in a company, the company shall, by written notice, require the person having the possession, custody or control of the debenture or share certificate if a certificate has been issued and the instrument of transfer thereof or either of them, to deliver it or them to its registered office, within such period as may be specified in the notice, being not less than 7 nor more than 28 days after the date of the notice, to have the share certificate or debenture cancelled or rectified and the transfer entered in the appropriate register or otherwise dealt with. (3) Where a person refuses or neglects to comply with a notice under subsection (2), the transferor may apply to the Court to issue a summons for that person to appear before the Court and show cause why the document mentioned in the notice should not be delivered or produced. (4) The Court may order the person summoned under subsection (3) to deliver a document referred to in subsection (2) to the company on such terms or conditions as the Court thinks fit. (5) A list of all share certificates or debentures called for under this section and not delivered shall be exhibited at the registered office of the company and advertised in such newspapers and at such times as the company thinks fit.