(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
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