| (1) |
The public stock that the Director-General may issue in terms of section 121(1)(b) shall be either internal stock or external stock, and such internal stock shall be registered stock. |
| (2) |
Internal registered stock shall be transferable by a securities transfer form in terms of section 135 of the Companies Act, 1973 (Act No. 61 of 1973), and the stock certificate which the department issues in respect thereof shall be prima facie evidence of the title of the person mentioned therein as the holder of the stock in question, to such stock. |
| (3) |
The department shall keep records in which shall be entered in respect of each issue of stock— |
| (a) |
the name and address of each holder of such stock; |
| (b) |
the amount of such stock of each holder; and |
| (c) |
the date or dates on which such stock was registered in the name of a holder. |
| (4) |
The department shall issue— |
| (a) |
to a person, upon payment to the department of the full amount of any internal registered stock allocated by the department to him on application by him, a stock certificate for the full amount of such stock; |
| (b) |
to the transferee a stock certificate for the full amount of any such stock transferred by the department into his name by a securities transfer form lodged with the department and accompanied by the relevant stock certificate in the transferor’s name. |
| (5) |
External stock may be transferred by a written instrument in the acceptable or general form applicable in the country in which the stock is issued. |
[Section 12J inserted by section 5 of Act No. 113 of 1976]
South African Weather Service Act, 2001
