Numerous applications were not attached with a certified true copy of the applicant's identity card, original share certificates, and/or incomplete Forms 32A (transfer forms which are usually printed at the back of each certificate).

The SC had also received applications where Forms 32A were not duly signed, or if signed, signatures were not witnessed or wrongly placed.

"Form 32A must be duly signed by the registered holder of the certificate as "transferor" at the top right hand corner of the form.

"The witness must sign to the left of the transferor's signature under the words "signed, sealed in the presence of" and must include his name, address and occupation. Where the applicant is not the registered holder of the certificate, the applicant must get the registered holder to complete Form 32A in the same manner," the SC said.

Nonetheless, non-standard cases (e.g. where the shareholder is deceased) may require additional supporting documents. In this regard, the SC urges applicants to contact the SRU at tel: (603) 654 8888 or tel: (603) 654 8000 or fax: (603) 651 5518 for further information. Applicants may also e-mail [email protected].

The SRU has received approximately 20,000 applications since its establishment on 1 December 1998. Share certificates for some 14,000 applications have been sent to share registrars for verification, as part of the processing procedure. The Commission expects to approve approximately 200 or more cases on a daily basis.

Share recovery applications must be lodged with the SC by 5 p.m. on 1 June 1999 (Malaysian time). All applications received by the SC until that date will be duly processed.