Securities Industry Act - The Bahamas Laws On-Line - The ...
Securities Industry Act - The Bahamas Laws On-Line - The ...
Securities Industry Act - The Bahamas Laws On-Line - The ...
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CH.363 – 58]<br />
SECURITIES INDUSTRY<br />
Obligation to<br />
notify public<br />
company of<br />
acquisition of<br />
substantial<br />
shareholding.<br />
general meeting may impose, so that not less than two<br />
hours in each day be allowed for inspection) be opened to<br />
inspection by any member of the company without charge<br />
and of any other person on payment of such sum as may<br />
be prescribed.<br />
(6) <strong>The</strong> register shall be produced at the commencement<br />
of the company’s annual general meeting and be kept<br />
open and accessible during the continuance of the meeting<br />
to any person attending the meeting.<br />
(7) Any person may require a copy of such register<br />
or of any part thereof on payment of such sum as may be<br />
prescribed.<br />
86. (1) A person who —<br />
(a) being previously uninterested in shares comprised<br />
in the relevant share capital of a public<br />
company becomes interested in such shares of a<br />
nominal share value equal to one-tenth or more<br />
of the nominal share capital, or being previously<br />
interested in such shares of a nominal value of<br />
less than one-tenth of the nominal value of the<br />
share capital, acquires an interest in such shares<br />
as to increase the nominal value of all shares so<br />
comprised in which he is interested to one-tenth<br />
or more of the nominal value of that share<br />
capital;<br />
(b) being previously interested in shares comprised<br />
in the relevant share capital of a public company<br />
of a nominal value of not less than one-tenth of<br />
the nominal value of that share capital —<br />
(i) acquires such interest of a nominal value in<br />
shares comprised in that share capital as to<br />
increase by more than ten per cent the<br />
nominal value of all shares so comprised in<br />
which he is interested, or<br />
(ii) suffers a decrease of more than ten per cent<br />
in the nominal value of shares so comprised<br />
in which he is interested, but remains<br />
interested in such shares of a nominal value<br />
equal to one-tenth or more of the nominal<br />
value of that share capital; or<br />
(c) being previously interested in shares comprised<br />
in the relevant share capital of a public company<br />
STATUTE LAW OF THE BAHAMAS [Original Service 2001]
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