Section 241: Power to require information as to person interested in shares or

241. Power to require information as to person interested in shares or debentures (1) Subject to subsection (2) where the Registrar is of opinion that there is reasonable ground to investigate the ownership of any shares or debentures of any corporation including a banking company, but that it is unnecessary to require an inspector to make an investigation for that purpose, he may require any person whom he has reasonable ground to believe— (a) to be or to have been interested in the shares or debentures; or (b) to act or to have acted in relation to the shares or debentures as the agent of someone interested therein, to give him any information which he has or can reasonably be expected to obtain as to the present and past interests in those shares or debentures and the names and addresses of the persons interested and of any persons who act or have acted on their behalf in relation to the shares or debentures. (2) Nothing in subsection (1) shall, subject to the Banking Act, require a banking company to disclose to the Registrar any information as to the affairs of a customer other than a company of which it is the banker. [S. 241 amended by s. 5 (c) of Act 14 of 2005 w.e.f. 10 November 2004.]