DEBENTURE REGISTRATION ACT

ARRANGEMENT OF SECTIONS

   1   Short title

   2   Power to debenture holders to apply to have themselves registered as such holders. Accountant-General to keep register book of debentures and to register names, etc of holders applying to be registered

   3   Accountant-General to keep register book of debentures and to register names, etc of holders applying to be registered

   4   Alterations to be made in debentures held by registered holders

   5   Debentures held by registered holders to be property of such holders and not to be transferable by delivery

   6   Transfer of debentures so held

   7   Registry of transfer thereof

   8   Non-liability of Accountant-General for registering person who is not bona fide the holder.

   9   Keeping and use of signature book

   10   Notice of drawing of debentures held by registered holders

   11   Stamp on each registration and transfer

   12   Execution of documents by a corporation

   13   Registered holder may transfer to bearer

 

THE DEBENTURE REGISTRATION ACT

[Date of Commencement: 21st November, 1887]

Cap 91.

1   Short title

   This Act may be cited as the Debenture Registration Act.

2   Power to debenture holders to apply to have themselves registered as such holders

   It shall be lawful for the holder or holders of any debenture or debentures, the principal and interest secured by which are payable by the Accountant-General to bearer, or for some person on his or their behalf, to present the same to the Accountant-General at the Treasury in Kingston, together with a letter addressed to the Accountant-General, signed by the applicant or applicants, and bearing such stamp as is hereinafter provided, requiring the Accountant-General to register the applicant or applicants in manner hereinafter provided as the holder or holders of the same.

3   Accountant-General to keep register book of debentures and to register names, etc of holders applying to be registered

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   The Accountant-General shall open and keep in the Treasury, at Kingston, a register book or books, in which he shall register the name or names of the holder or holders of any debenture the holder or holders of which, or some person on his or their behalf, shall have made application in manner hereinbefore provided.

   Such register book or books shall be in such form as may be approved by the Minister.

   Together with the name or names of the holder or holders aforesaid there shall be entered in the said book or books the address and addition of such holder or holders.

4   Alterations to be made in debentures held by registered holders

   At the time of registering any person or persons as aforesaid as the holder of any debenture, the Accountant-General shall draw a thick line or lines through the word "bearer" on such debenture, and shall write or cause to be written over the said word, or in the margin at the side of the said word, the words "the registered holder or holders of this debenture for the time being", and sign his name thereto, and he shall write or cause to be written, at the back of such debenture, the name or names of the person or persons (together with his or their address and addition) registered as the holder or holders thereof, together with words indicating that such person or persons have been registered as aforesaid, and making reference to the folium in the register book.

   If more than one person is registered as aforesaid, the names shall be enclosed in brackets.

5   Debentures held by registered holders to be property of such holders and not to be transferable by delivery

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