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Companies Act, 1973 (Act No. 61 of 1973)

Chapter V: Share capital, Acquisition by Companies of own Shares, Shares, Allotment and Issue of Shares, Members and Register of Members, Debentures, Transfers, and Restrictions on Offering Shares for Sale

Members and registers of members

108. Provisions as to branch register

 

 

1) A branch register shall be deemed to be part of the company's register of members (in this Act called the principal register).

 

2) A branch register shall be kept in the same manner in which the principal register is by this Act required to be kept except that the notice referred to in section 114, shall, for a reasonable time before the closing of the branch register, also be inserted in some newspaper circulating in the district wherein the branch register is kept.

 

3) The company shall transmit to its registered office a copy of every entry in its branch register as soon as may be after the entry is made and shall cause to be kept at its registered office, duly entered up from time to time, a duplicate of its branch register, and the duplicate shall for the purposes of this Act be deemed to be part of the principal register.

 

4) The company may discontinue to keep any branch register, and shall thereupon transfer all entries in that register to some other branch register kept by the company or to the principal register.

 

5) Subject to the provisions of this Act and of any law relating to stamp duty or estate duty, any company may by its articles make such provisions as it may think fit respecting the keeping of branch registers.