§ 386AKA — Register of nominee directors

386AKA.—(1) A company or foreign company registered under Division 2 of Part 11 must keep a register of its directors who are nominees (called in this Part the register of nominee directors) in the prescribed form and at the prescribed place.(2) Subject to section 386AM, a company or foreign company must not disclose, or make available for inspection, the register of nominee directors or any particulars contained in the register of nominee directors to any member of the public.

(3) A company or foreign company must, within 7 days after the company or foreign company is informed of any fact and provided with any particulars mentioned in section 386AL(1), (1A), (2), (4) or (5), enter that fact and those particulars in its register of nominee directors.

(4) A company or foreign company must, within 7 days after the company or foreign company is informed under section 386AL(3)(a) or (5A)(a) that a director of the company or foreign company has ceased to be a nominee, enter the following in the company’s or foreign company’s register of nominee directors:(a)

the fact that the director has ceased to be a nominee;

(b)

the date on which the director ceased to be a nominee.

(5) A company or foreign company must, within 7 days after the company or foreign company is informed under section 386AL(3)(b) or (5A)(b) of any change to the particulars of a person for whom a director of the company or foreign company is a nominee, enter the following in the company’s or foreign company’s register of nominee directors:(a)

the new particulars of that person;

(b)

the date on which the particulars of that person changed.

(6) If a company or foreign company fails to comply with subsection (1), (2), (3), (4) or (5), the company or foreign company, and every officer of the company or foreign company who is in default, shall each be guilty of an offence and shall each be liable on conviction to a fine not exceeding $25,000.[Act 23 of 2024 wef 16/06/2025]

—(1) A company or foreign company registered under Division 2 of Part 11 must keep a register of its directors who are nominees (called in this Part the register of nominee directors) in the prescribed form and at the prescribed place.

(2) Subject to section 386AM, a company or foreign company must not disclose, or make available for inspection, the register of nominee directors or any particulars contained in the register of nominee directors to any member of the public.

(3) A company or foreign company must, within 7 days after the company or foreign company is informed of any fact and provided with any particulars mentioned in section 386AL(1), (1A), (2), (4) or (5), enter that fact and those particulars in its register of nominee directors.

(4) A company or foreign company must, within 7 days after the company or foreign company is informed under section 386AL(3)(a) or (5A)(a) that a director of the company or foreign company has ceased to be a nominee, enter the following in the company’s or foreign company’s register of nominee directors:(a)

the fact that the director has ceased to be a nominee;

(b)

the date on which the director ceased to be a nominee.

(5) A company or foreign company must, within 7 days after the company or foreign company is informed under section 386AL(3)(b) or (5A)(b) of any change to the particulars of a person for whom a director of the company or foreign company is a nominee, enter the following in the company’s or foreign company’s register of nominee directors:(a)

the new particulars of that person;

(b)

the date on which the particulars of that person changed.

(6) If a company or foreign company fails to comply with subsection (1), (2), (3), (4) or (5), the company or foreign company, and every officer of the company or foreign company who is in default, shall each be guilty of an offence and shall each be liable on conviction to a fine not exceeding $25,000.[Act 23 of 2024 wef 16/06/2025]