SECURITIES (DISCLOSURE OF INTERESTS)
Ord. No. 63/88
A357
(b) a statement informing him of his right to apply to have the entry removed in accordance with the following provisions of this section.
(3) A person who has been notified by a company in pursuance of subsection (2) that an entry relating to him has been made in the company's register of interests in shares may apply in writing to the company for the removal of that entry from the register; and the company shall remove the entry if satisfied that the information in pursuance of which the entry was made was incorrect.
(4) If a person who is identified in a company's register of interests in shares as being a party to an agreement to which section 9 applies (whether by an entry against his own name or by an entry relating to him made against another person's name as mentioned in subsection (2)(a)) ceases to be a party to that agreement, he may apply in writing to the company for the inclusion of that information in the register; and if the company is satisfied that he has ceased to be a party to the agreement, it shall record that information (if not already recorded) in every place where his name appears as a party to that agreement in the register.
(5) If an application under subsection (3) or (4) is refused (in a case within subsection (4), otherwise than on the ground that the information has already been recorded) the applicant may apply to the High Court for an order directing the company to remove the entry in question from the register or (as the case may be) to include the information in question in the register; and the High Court may, if it thinks fit, make such an order.
(6) Where a name is removed from a company's register of interests in shares in pursuance of subsection (1) or (3) or an order under subsection (5), the company shall within 14 days of the date of that removal make any necessary alteration in any associated index.
(7) If default is made in complying with subsection (2) or (6), the listed company and every officer of it who is in default commits an offence and is liable to a fine of $2,000 and, in the case of a continuing offence, to a further fine of $200 for each day during which the offence continues.
26. (1) Entries in a company's register of interests in shares shall not Otherwise, be deleted except in accordance with section 25.
entries not to be removed
(2) If an entry is deleted from a company's register of interests in 1985 c. 6, s. 218 shares in contravention of subsection (1), the company shall restore that entry to the register as soon as is reasonably practicable.
(3) If default is made in complying with subsection (1) or (2), the company and every officer of it who is in default commits an offence and is liable to a fine of $2,000 and, in the case of a continuing offence, to a further fine of $200 for each day during which the offence continues.
27. (1) Any register of interests in shares and any report which is required by section 22(7) to be available for inspection in accordance with this section shall, during business hours (subject to such reasonable restrictions as the company may in general meeting impose, but so that not less than 2 hours in each day are allowed for inspection) be open to the inspection of any member of the company or of any other person without charge.
Inspection of register and reports
1985 c. 6, s. 219