PART XI

Company administration and procedure
CHAPTER II

Register of Members

Obligation to keep and enter up register
352
1
Every company shall keep a register of its members and enter in it the particulars required by this section.
2
There shall be entered in the register—
a
the names and addresses of the members;
b
the date on which each person was registered as a member; and
c
the date at which any person ceased to be a member.
3
The following applies in the case of a company having a share capital—
a
with the names and addresses of the members there shall be entered a statement—
i
of the shares held by each member, distinguishing each share by its number (so long as the share has a number) and, where the company has more than one class of issued shares, by its class, and
ii
of the amount paid or agreed to be considered as paid on the shares of each member;
b
where the company has converted any of its shares into stock and given notice of the conversion to the rigistrar of companies, the register shall show the amount and class of stock held by each member, instead of the amount of shares and the particulars relating to shares specified in paragraph (a).
4
in the case of a company which does not have a share capital but has more than one class of members, there shall be entered in the register, with the names and addresses of the members, the class to which each member belongs.
5
If a company makes default in complying with this section, the company and every officer of it who is in default is liable to a fine and, for continued contravention, to a daily default fine.
6
An entry relating to a former member of the company may be removed from the register after the expiration of 20 years from the date on which he ceased to be a member.
7
Liability incurred by a company from the making or deletion of an entry in its register of members, or from a failure to make or delete any such entry, is not enforceable more than 20 years after the date on which the entry was made or deleted or, in the case of any such failure, the failure first occurred. This is without prejudice to any lesser period of limitation.