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

SECURITIES INDUSTRY [CH.363 – 61
person within such reasonable time as is specified in the
notice to give as far as it lies within his knowledge written
particulars of the agreement or arrangement and the
parties to it.
(5) Where a public company receives information
from a person in pursuance of a requirement imposed on
him by this section, it shall inscribe against the name of
that member in a separate part of the register kept by it
under section 87 —
(a) the fact that the requirement was imposed and
the date on which it was imposed; and
(b) the information received in pursuance of the
requirement.
(6) Where a public company receives information
from a person in pursuance of a requirement imposed on
him by this section, it shall not disclose such information
except where disclosure —
(a) is required under any provision of this or any
other Act; or
(b) is lawfully required or permitted by a court of
competent jurisdiction.
(7) For the purposes of section 86 and of this section,
the expression “relevant share capital” means issued share
capital of a class carrying the right to vote in all
circumstances and at all general meetings.
89. Any person who commits a breach of any section
in this Part or who in complying with any other section
makes a statement which he knows to be false, or recklessly
makes a statement which is false, or fails to supply any
particulars which he is required to supply is guilty of an
offence and shall be liable —
(a) on summary conviction to a fine of thirty
thousand dollars or to imprisonment for six
months, or to both;
(b) on conviction on information to a fine of
seventy-five thousand dollars or to imprisonment
for one year, or to both.
90. The provisions of this Part shall apply mutatis
mutandis to partnerships, limited liability partnerships,
trusts, joint ventures, syndicates, and other issuers, as the
case may be.
Offences under
Part IX.
Application of
Part IX.
LRO 1/2002
STATUTE LAW OF THE BAHAMAS