Regulation 31 Evidence that person executing instrument by mark, etc., understood effect thereofI1

Where the execution by a person of any transfer of any stock is otherwise than by signature, the Registrar may decline to recognise the instrument unless there is furnished to him such evidence as he may require (whether by way of a statement written on the instrument signed by the witness to the execution of the instrument by that party, or otherwise) that the effect of the instrument was understood by that person.

Paragraph (1) above shall not apply to the execution of a transfer under regulation 27(1) above.