Section 29: Furnishing of information on shareholding

29. Furnishing of information on shareholding (1) The Commission may require an insurer to furnish it, in such form, manner and medium as it may determine, with particulars and information concerning— (a) its shareholders; (b) the nominee of a shareholder; (c) any person according to whose instructions and directions a shareholder exercises, or normally exercises, his rights as a shareholder. (2) Any person referred to in subsection (1) shall, upon written request from the insurer or the Commission, furnish the insurer or the Commission, as the case may be, with such particulars or information as is required for the purpose of a request made under subsection (1). (3) (a) An insurer who, without reasonable excuse, fails to comply with subsection (1); or (b) a person who fails to comply with a request under subsection (2), shall commit an offence and shall, on conviction, be liable to a fine not exceeding 500,000 rupees and to imprisonment for a term not exceeding 2 years. [Issue 1] I15 – 26 Revised Laws of Mauritius