Share register

87 Company to maintain share register

(1)

A company must maintain a share register that records the shares issued by the company and states—

(a)

whether, under the constitution of the company or the terms of issue of the shares, there are any restrictions or limitations on their transfer; and

(b)

where any document that contains the restrictions or limitations may be inspected.

(2)

The share register must state, with respect to each class of shares,—

(a)

the names, alphabetically arranged, and the latest known address of each person who is, or has within the last 10 years been, a shareholder; and

(b)

the number of shares of that class held by each shareholder within the last 10 years; and

(c)

the date of any—

(i)

issue of shares to; or

(ii)

repurchase or redemption of shares from; or

(iii)

transfer of shares by or to—

each shareholder within the last 10 years, and in relation to the transfer, the name of the person to or from whom the shares were transferred.

(3)

An agent may maintain the share register of the company.

(4)

If a company fails to comply with subsection (1) or subsection (2),—

(a)

the company commits an offence and is liable on conviction to the penalty set out in section 373(2); and

(b)

every director of the company commits an offence and is liable on conviction to the penalty set out in section 374(2).