77. Certification of transfers

an instrument of transfer shall be deemed to be certified if it bears the words “certificate lodged” or words to the like effect;

the certification of an instrument of transfer shall be deemed to be made by a company, where —

the person issuing the instrument is a person authorised to issue certificated instruments of transfer on the company’s behalf; and

the certification is signed by a person authorised to certify transfers on the company’s behalf or by an officer or servant either of the company or of a body corporate so authorised ;

a certification shall be deemed to be signed by any person where —

it purports to be authenticated by his signature or initials, whether handwritten or not; and

it is not shown that the signature or initials was or were placed there neither by himself nor by any person authorised to use the signature or initials for the purpose of certifying transfers on the company’s behalf.