Western Australian Consolidated Regulations Western Australian Consolidated Regulations (1) No stock shall be
registered in the names of more than 4 persons.
(2) A firm shall not
be registered as such or by reference to a trading or business name, but shall
be registered in the names of not more than 4 of the individual partners of
the firm.
(3) Subject to
subregulation (4), stock may be registered in the name of a company or
other body corporate, but —
(a) the
registrar may first require the company or other body corporate to lodge at
the registry at which the stock is then recorded, or is proposed to be
recorded, as the case requires, evidence that each document required to be
executed in respect of the dealing by or on behalf of the company or other
body corporate has been executed in a manner that is effectual in law and
binds the company or other body corporate; and
(b) when
a document has been executed by a company or other body corporate by the
affixing of its seal in the presence of, and attested by, persons purporting
to be the persons authorised so to do by the rules or articles of the company
or other body corporate governing the mode of affixing that seal as furnished
to the Corporation, the document shall, for the purposes of these regulations,
be deemed to be duly executed by the company or other body corporate and the
registrar shall not be bound to enquire into the authority of those persons in
the affixing or attesting of that seal or into the authenticity of their
signatures.
(4) Stock may be
registered in the name of, or of a branch of —
(a) a
friendly society, or credit union, or industrial union of employers, or
industrial union of workers, or other industrial organization which the
registrar is satisfied is registered under the law of any State or Territory
or of the Commonwealth; or
(b) any
organization or body incorporated under the law of any State or Territory or
of the Commonwealth relating to the incorporation of associations,
but the registrar may
require that he be furnished by that society, union, organization or body with
a certificate in a form approved by the registrar containing the names and
signatures of 2 or more persons who are appointed to sign any document
relating to the relevant stock in the name of that society, union,
organization or body.
(5) The registrar may,
before effecting the registration of any dealing —
(a)
require to be satisfied of the authenticity of any document or purported
appointment to sign a document;
(b)
require a document to be under seal;
(c)
require a holder to effect the dealing in a form approved by the Corporation;
or
(d) give
notice of the dealing to any person and decline to register the dealing until
a reply satisfactory to the registrar is received.
(6) A person who seeks
to be registered in relation to any stock may be required by the registrar to
lodge at the registry a specimen of his signature verified in a manner
approved by the registrar, but, if any such person is unable to sign his name,
documents required for the purpose of these regulations may be executed by him
and attested in a manner approved by the registrar.
(7) When the registrar
is satisfied with any documents produced for the purposes of these
regulations, and those documents, or copies of those documents, are retained
by the registrar or included in his signature register, the registrar shall
not thereafter require those documents to be produced in respect of subsequent
dealings.
(8) If from any cause
any authority given for the purposes of these regulations —
(a) to
an authorised person is substituted in favour of another person; or
(b) to
any specified person is cancelled or withdrawn,
notification of that
substitution, cancellation or withdrawal shall be given to the registrar in
like manner to the giving of an authorisation, and neither the Corporation nor
the registrar shall be under any liability in respect of a record or dealing
which is, or purports to be authorised.
[Regulation 9 amended in Gazette
10 Nov 1998 p. 6161.]