Section 234: Registration of transfer of bonds.

(1) No person shall be registered as the transferee of a registered bond except on surrender, to the body or the appointed registrar, of the bond certificate and the instrument of transfer relating to the bond and on the payment of the prescribed fees.
(2) The registrar shall effect the transfer of the title to a bond within the period stipulated by the securities exchange or capital trade point and he shall post a written notice of the receipt of an application for transfer to the registered holder in whose name the application is made.