Securities Industry Act - The Bahamas Laws On-Line - The ...

SECURITIES INDUSTRY [CH.363 – 57
85. (1) Every public company shall keep a register
for the purposes of sections 81 and 82, and whenever the
company receives information from a director, officer or
substantial shareholder in consequence of an obligation
imposed on him by that section, it shall inscribe in the
register against the name of the director such information
and the date of the inscription.
(2) Every public company shall —
(a) whenever it grants to a director, officer or
substantial shareholder a right to subscribe for
securities of the company, inscribe in such
register against his name the date on which the
right is granted, the period during which or time
at which the right is exercisable, the consideration
for the grant (or where there is to be no
consideration, that fact), the description of the
securities involved and the number or amount
thereof, and the price to be paid therefor;
(b) whenever a right as referred to in paragraph (a)
is exercised by a director, officer or substantial
shareholder, inscribe in the register against the
name of such director, officer or substantial
shareholder that fact identifying the right and the
number or amount of securities in respect of
which it is exercised and the name or names of
the person or persons in whose name or names
they were registered, together with the number
or amount thereof registered in the name of each
person (where they were registered in the names
of two or more persons).
(3) The nature and extent of the interest of a director,
officer or substantial shareholder in or over any securities
recorded in relation to him in the register shall, if he so
required, be indicated in the register.
(4) The register shall be so made up that the entries
against the several names inscribed therein appear in
chronological order, and shall be indexed to enable the
information in respect of each name to be readily found,
such inscription to be made within three days.
(5) The register shall be kept at the company’s
registered office or at the place where the company’s
register of members is kept and shall during business hours
(subject to such reasonable restriction as the company in
Register of
interests of
directors, officers
and substantial
shareholders.
[Original Service 2001]
STATUTE LAW OF THE BAHAMAS