Companies Act 2014 section 101B

Abolition of certificates in respect of applicable securities

Section 101B abolishes the requirement to issue paper certificates for applicable securities and removes the legal standing of any existing certificates.

  • Relevant issuers are no longer required to issue paper certificates for applicable securities.
  • This override applies regardless of any requirement under the Companies Act 2014 or any other legislation.
  • Any certificates already in circulation for applicable securities no longer have any legal effect.
  • Existing certificates cannot be relied upon as evidence of ownership or for any other legal purpose.

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