S.L. 161.1 Art. 14Appointment of agents.

(1) Any stockholder may give an authority in writing authorising any person to act as his agent with respect to stock held by him or with respect to any interest arising therefrom and such authority may -

(a) relate to the whole stock or to any unit of stock which may at any time be held by the persons giving the authority or to the whole stock or to any unit of stock which is held by him at the time when the authority is given; and

(b) authorise the person to whom the authority is given to deal with the stock or interest to which it relates either generally at his discretion or subject to any directions contained in the authority.

(2) An authority under this regulation shall be of no effect unless and until it is delivered to the Accountant General.

(3) Any payment duly made by the Accountant General under these regulations in compliance with an authority given under this regulation shall, notwithstanding the determination by revocation or otherwise of such authority, be deemed for all purposes to be a valid payment unless notice in writing of the revocation had been received by, or the determination of the authority through any other cause had come to the knowledge of, the Accountant General at the time when the payment was made.

(4) An authority given under this regulation shall, subject to the terms thereof, until revoked or otherwise determined -

(a) remain in force notwithstanding any increase or decrease in the nominal value of the stock to which it relates;

(b) entitle the person to whom it is given to make any application and sign any document mentioned in these Regulations and to receive any payment in pursuance thereof.