Section 94: Secretary’s duty to supervise share register

Companies Act · PART VIII: TITLE, TRANSFERS, SHARE REGISTER AND CERTIFICATES

consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

94. Secretary’s duty to supervise share register (1) The Secretary shall take reasonable steps to ensure that the share register is properly kept and that share transfers are promptly entered on it in accordance with section 88. (2) A Secretary who fails to comply with subsection (1) shall commit an offence and shall, on conviction, be liable to a fine not exceeding 200,000 rupees. [S. 94 amended by s. 4 (d) of Act 20 of 2002 w.e.f. 10 August 2002.]

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Questions this section answers

Is the Secretary responsible for keeping the share register properly updated?