Information on title to share

Information on title to share

(1) If a company asks any shareholder to provide information as to what capacity one has obtained the shares with full voting rights registered in his/her name or whether any other person has invested in the shares registered in the name of such shareholder and where there is another person as a beneficiary of such shares, as to the identity and nature of the title of that person, it shall be the duty of such shareholder to provide such information to the company within thirty days.

(2) On receipt of the information sought under Sub-section (1), the company shall record opposite the name of the concerned shareholder, in the register the date of demand of such information, date of receipt of information and the contents of information received and provide the Office with information pertaining thereto within seven days.