Singapore legislation
Section 130
Section 130
Transfer of shares and debentures in public companies
(1)
Despite anything in its constitution, a public company must not register a transfer of shares or debentures unless a proper instrument of transfer has been delivered to the company, but this subsection does not affect any power to register as a shareholder or debenture holder any person to whom the right to any shares in or debentures of the company has been transmitted by operation of law.
(2)
Where there has been a transfer of shares, a public company may lodge with the Registrar a notice of that transfer of shares in the prescribed form.
(3)
The notice must state —
every other transfer of shares effected prior to the date of the notice, other than a transfer that has been previously notified to the Registrar; or
the prescribed information in relation to the shares held by each of the 50 members who hold the most number of shares in the public company after the transfer.