(1) In the case of a company registered in England and Wales or Northern Ireland, a certificate under the common seal of the company specifying any shares held by a member is prima facie evidence of his title to the shares.
(2) In the case of a company registered in Scotland—
(a) a certificate under the common seal of the company specifying any shares held by a member, or
(b) a certificate specifying any shares held by a member and subscribed by the company in accordance with the Requirements of Writing (Scotland) Act 1995 (c 7),
is sufficient evidence, unless the contrary is shown, of his title to the shares.
(1) A company must, within two months after the allotment of any of its shares, debentures or debenture stock, complete and have ready for delivery—
(a) the certificates of the shares allotted,
(b) the debentures allotted, or
(c) the certificates of the debenture stock allotted.
(2) Subsection (1) does not apply—
(a) if the conditions of issue of the shares, debentures or debenture stock provide otherwise,
(b) in the case of allotment to a financial institution (see section 778), or
(c) in the case of an allotment of shares if, following the allotment, the company has issued a share warrant in respect of the shares (see section 779).
(3) If default is made in complying with subsection (1) an offence is committed by every officer of the company who is in default.
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