270Registration of transfer of shares in private companies

270 Registration of transfer of shares in private companies (1) A private company must not enter in its records a transfer of shares on which duty is charged under this Act unless— (a) a transfer has been delivered to the private company; and (b) the transfer is duly stamped. s. 270(1) inserted by No. 13/2013 s. 56(3). (2) For the purposes of this section, a private company is entitled to assume that an instrument is duly stamped if— (a) it bears any of the following— (i) an impressed stamp; (ii) an adhesive stamp, unless the company is the legal or beneficial owner of land in Victoria; (iii) an endorsement under section 265; (iv) an endorsement in accordance with an approval under section 39 of the **Taxation Administration Act 1997**; (v) an exempt stamp; or (b) it is accompanied by a current exemption certificate.