88. Company to keep register of substantial shareholders Flashcards
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- Company to keep register of substantial shareholders
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General overview
[88.01] This section relates to a company’s obligation to keep a register of all its substantial shareholders and the particulars required at the registered office of the company. This register is open for inspection by members free of charge or any other person for a nominal fee. Default in compliance would result in the company and every officer of the company guilty of an offence under s 88(5) and on conviction to a fine not exceeding $5,000. If it is a continuing offence, a further fine of $500 each day for which the offence continues after the conviction: s 88(5).
