transferee on the back of the certificates. In such event, the securities issuing company or the registrar, as the case may be, shall enter the transfer in the register and certify such transfer on the

certificates which he has signed his name as the transferee on the back of the certificates. In such event, the securities issuing company or the registrar, as the case may be, shall enter the transfer in the

transfer, shall submit the application to the securities issuing company or the registrar together with the securities certificates which he has signed his name as the transferee on the back of the