5.—(1) The register of shareholders must contain an entry consisting of –
(a)the name of the designated person; and
(b)a statement of the aggregate number of all shares in the company held by that person.
(2) In sub-paragraph (1), for the purposes of head (b), the designated person is to be taken as holding all shares in the company which are in issue and in respect of which no other person’s name is entered on the register.
(3) The statement referred to in sub-paragraph (1)(b) must be up-dated at least once a day.