Section 169 of CA 2014 is the Section that deals with the register of members. There is a requirement in Section 169 to update the register within 28 days of a transfer is the directors agree to approve the transfer or from the date of the company agreeing to allot shares to a member. Where this is not done the company and its officers are liable to a category 3 offence.
Section 169(1) details what is to be included in a members register, these are:
- the names of the members;
- addresses of the members and
- a statement of the shares held by each member, distinguishing each share by:
- its number so long as the share has a number, and
- of the amount paid or agreed to be considered as paid on the shares of each member;
- the date at which each person was entered in the register as a member; and
- the date at which any person ceased to be a member