Register of directors shareholdings, Business Law and Ethics

Register of Directors' Shareholdings:

Section 196(1) requires every company to keep a register showing the number, description and amount of any shares or debentures which are held by or in trust for the director, or of which he has any right to become the holder (whether on payment or not) in-

(a)   the company; or

(b)   the company's subsidiary or holding company; or

(c)    a subsidiary of the company's holding company.

The register shall be stayed at the company's registered office and shall be open to the inspection of any member or debenture holder during business hours during the period beginning 14 days before the date of the company's annual general meeting and ending three days after the conclusion of the meeting (a day which is a Saturday, Sunday or public holiday being disregarded in computing the fourteen days).

Posted Date: 1/12/2013 5:01:36 AM | Location : United States

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