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Section 19

(i) The instrument of transfer of any share in the company shall be executed by or on behalf of both the transferor and transferee.

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19. (i) The instrument of transfer of any share in the company shall be executed by or on behalf of both the transferor and transferee. (ii) The transferor shall be deemed to remain a holder of the share until the name of the transferee is entered in the register of members in respect thereof.