Companies Act, 1990
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Removal of entries from register. |
61.—(1) A company may remove an entry against a person's name from the register of interests in shares and debentures kept under section 59 if more than 6 years has elapsed since the date of the entry being made, and either— | |
(a) that entry recorded the fact that the person in question has ceased to have an interest notifiable under this Chapter in shares in, or debentures of, the company, or | ||
(b) it has been superseded by a later entry made under the said section 59 against the same person's name; | ||
and in a case within paragraph (a) the company may also remove that person's name from the register. | ||
(2) Where a name is removed from a company's register of interests in shares or debentures in pursuance of subsection (1), the company shall within 14 days of the date of that removal make any necessary alterations in any associated index. | ||
(3) If default is made in complying with subsection (2), the company and every officer of it who is in default shall be guilty of an offence and liable to a fine. |