24
CAP. 396]
Securities (Disclosure of Interests)
[1988 Ed.
(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.
Otherwise, entries not to be removed
[cf. U.K. 1985 c. 6, s. 217]
26. (1) Entries in a company's register of interests in shares shall not be deleted except in accordance with section 25.
(2) If an entry is deleted from a company's register of interests in 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.
Inspection of register and reports
[cf. U.K. 1985 c. 6, s. 218]
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.
(2) Any such member or other person may require a copy of any such register or report, or any part of it, on payment of $1 or such less sum as the company may prescribe by regulation, for every 100 words or fractional part of 100 words required to be copied; and the company shall cause any copy so required by a person to be sent to him before the expiration of the period of 10 days beginning with the day next following that on which the requirement is received by the company.
(3) If an inspection required under this section is refused or a copy so required is not sent within the proper period, 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.
(4) In the case of a refusal of an inspection required under this section of any register or report, the High Court may by order compel an immediate inspection of it; and in the case of failure to send a copy required under this section, the High Court may by order direct that the copy required shall be sent to the person requiring it.
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Page 26
24
CAP. 396]
Securities (Disclosure of Interests)
[1988 Ed.
(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.
Otherwise, entries not to be removed
[cf. U.K. 1985 c. 6, s. 217]
26. (1) Entries in a company's register of interests in shares shall not be deleted except in accordance with section 25.
(2) If an entry is deleted from a company's register of interests in 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.
Inspection of register and reports
[cf. U.K. 1985 c. 6, s. 218]
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.
(2) Any such member or other person may require a copy of any such register or report, or any part of it, on payment of $1 or such less sum as the company may prescribe by regulation, for every 100 words or fractional part of 100 words required to be copied; and the company shall cause any copy so required by a person to be sent to him before the expiration of the period of 10 days beginning with the day next following that on which the requirement is received by the company.
(3) If an inspection required under this section is refused or a copy so required is not sent within the proper period, 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.
(4) In the case of a refusal of an inspection required under this section of any register or report, the High Court may by order compel an immediate inspection of it; and in the case of failure to send a copy required under this section, the High Court may by order direct that the copy required shall be sent to the person requiring it.
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