Notice of suspected contravention
43 Notice of suspected contravention
Where the Company suspects that a person is contravening section 41, the Company shall immediately notify the Minister giving details of the suspected contravention.
Penalty: 100 penalty units.
Before a transfer of shares in the Company is registered, a director or the secretary of the Company may require the transferee to make a statutory declaration under this section.
The declaration shall be to the effect that registration of the transfer will not result in a contravention of section 41 by the transferee or by a person who is or who would thereby become associated with the transferee (within the meaning of the Companies (New South Wales) Code).
If the transferee fails to comply with the requirement, the Company may refuse to register the transfer.
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