Section 651C — Corporations Act 2001 (Cth)

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.

Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.

Related sections

s 650G — Contracts and acceptances void if defeating condition not fulfilled
s 651A — Off‑market bid—effect on bid consideration of purchases made outside bid
s 651B — How to make an election for new forms of consideration
s 652A — Withdrawal of unaccepted offers under takeover bid
s 652B — Withdrawal of takeover offers with ASIC consent
s 652C — Withdrawal of market bids

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