Companies Act, 1990
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Register of interests. |
59.—(1) Every company shall keep a register for the purposes of section 53 . | |
(2) Whenever the company receives information from a director or secretary in consequence of the fulfilment of an obligation imposed on him by that section, the company shall enter in the register, against the name of that person, that information and the date of the entry. | ||
(3) Every company shall, whenever it grants to a director or secretary a right to subscribe for shares in, or debentures of, the company, enter in the register against his name— | ||
(a) the date on which the right is granted, | ||
(b) the period during which or time at which it is exercisable, | ||
(c) the consideration for the grant (or, if it be the case that there is no consideration, that fact), and | ||
(d) the description of shares or debentures involved and the number or amount thereof, and the price to be paid therefor. | ||
(4) Whenever such a right as is mentioned in subsection (3) is exercised by a director or secretary, the company shall enter in the said register against his name that fact (identifying the right), the number or amount of shares or debentures in respect of which it is exercised and, if it be the case that they were registered in his name, that fact, and, if not, the name or names of the person or persons in whose name or names they were registered, together (if they were registered in the names of two persons or more) with the number or amount thereof registered in the name of each of them. | ||
(5) This section applies to shadow directors as to directors. |