1 A company shall not be required to issue a share certificate unless an application by a shareholder is received, or otherwise provided by its constitution.
2 A company shall deliver a share certificate to the requesting shareholder, within 60 days from the receipt of such application.
Section 98(4) stated that the company and every officer who contravene this section commits an offence and shall, on conviction, be liable to a fine not exceeding RM10,000.
3 If the company fails to deliver the share certificate within 60 days from the receipt of the application (or as provided by its constitution), the requesting shareholder may send a notice to the company requiring the company to deliver the share certificate within 14 days of such notice. If all fails, the requesting shareholder may apply to the Court for an order directing the company to do so.
