—(1) Every company shall keep a register of its members and enter therein —
the names and addresses of the members, and in the case of a company having a share capital a statement of the shares held by each member, distinguishing each share by its number, if any, or by the number, if any, of the certificate evidencing the member’s holding and of the amount paid or agreed to be considered as paid on the shares of each member;
the date at which the name of each person was entered in the register as a member;
the date at which any person who ceased to be a member during the previous 7 years so ceased to be a member; and
in the case of a company having a share capital, the date of every allotment of shares to members and the number of shares comprised in each allotment.
(2) Notwithstanding anything in subsection (1), where the company has converted any of its shares into stock and given notice of the conversion to the Registrar, the company shall alter the register to show the amount of stock or number of stock units held by each member instead of the number of shares and the particulars relating to shares specified in subsection (1)(a).
(2A) Where a company purchases one or more of its own shares or stocks in circumstances in which section 76H applies —
(3) Notwithstanding anything in subsection (1), a company may keep the names and particulars relating to persons who have ceased to be members of the company separately and the names and particulars relating to former members need not be supplied to any person who applies for a copy of the register unless he specifically requests the names and particulars of former members.
(4) The register of members shall be prima facie evidence of any matters inserted therein as required or authorised by this Act.
(5) Every company having more than 50 members shall, unless the register of members is in such a form as to constitute in itself an index, keep an index in convenient form of the names of the members and shall, within 14 days after the date on which any alteration is made in the register of members, make any necessary alteration in the index.
(6) The index shall in respect of each member contain a sufficient indication to enable the account of that member in the register to be readily found.
(7) If default is made in complying with this section, the company and every officer of the company who is in default shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $1,000 and also to a default penalty.
[UK, 1948, ss. 110, 118; UK, Treasury Shares, Sch., para. 18; Aust., 1961, s. 151]