Skip to main content

Article (35)

IA-BOD-RES 10/2019
  1. Companies shall be required to maintain the information set out in paragraph (b), Clause (1) of Article (8) of this Decision and a register of all their shareholders containing the number of shares held by each shareholder and categories of shares, if any, including the voting rights and providing this register to the Registrar after ensuring its accuracy.
     
  2. Companies shall undertake to maintain and make available the data mentioned in Clause (Error! Reference source not found.) of Article (9) of this Decision to the Registrar at all times and upon request, update such data within 15 business days upon its amendment or change and ensure to keep this information up-to-date and accurate on an ongoing basis and assist the Registrar in documenting such information if so required.
     
  3. Companies shall have one or more natural persons residents of the State and authorised to disclose to the Registrar all information contained in Clauses (1) and (2) of this Article
     
  4. Any company established or registered in the State shall be prohibited from issuing share warrants to bearer.
     
  5. Companies that permit the issuance of nominee shares in the name of individuals or members of the board of directors shall be required to disclose those shares and the identities of the members of the board of directors to the Registry for the purpose of registering them.