CORPORATIONS ACT 2001 - SECT 651C Returning securities as part of election
CORPORATIONS ACT 2001 - SECT 651C
Returning securities as part of election(1) If under section 651B a person returns to a company any certificates (together with any necessary transfer documents) in respect of the securities issued by a company, the company must cancel those securities as soon as possible.
(2) An offence based on subsection (1) is an offence of strict liability.
Note: For strict liability , see section 6.1 of the Criminal Code .