Singapore legislation
Clause 39
Clause 39
Certificate is evidence of title
(1)
A certificate under the common seal or official seal of a VCC specifying any shares held by any member of the VCC is prima facie evidence of the title of the member to the shares.
(2)
Every share certificate must be under the common seal of the VCC and must state as at the date of the issue of the certificate —
the name of the VCC and the authority under which the VCC is constituted;
the address of the registered office of the VCC in Singapore, or, where the certificate is issued through a branch office, the address of that branch office; and
the class of the shares (if applicable), the name and registration number of the sub‑fund to which the shares relate (if applicable), whether the shares are fully or partly paid up, and the amount (if any) unpaid on the shares.
(3)
Failure to comply with this section does not affect the rights of any holder of the shares.
(4)
If this section is contravened, the VCC and every officer of the VCC who is in default shall each be guilty of an offence.