s 386ALA Register of nominee shareholders
386ALA.—(1) A company or foreign company must keep a register of its shareholders who are nominees (called in this Part the register of nominee shareholders) in the prescribed form and at the prescribed place. (2) 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 386ALB(1), (1A), (2), (3), (3A) or (4), enter that fact and those particulars in its register of nominee shareholders.[Act 23 of 2024 wef 16/06/2025] (3) A company or foreign company must, within 7 days after the company or foreign company is informed under section 386ALB(5)(a) that a shareholder of the company or foreign company has ceased to be a nominee, enter the following in its register of nominee shareholders:(a) the fact that the shareholder has ceased to be a nominee; (b) the date on which the shareholder ceased to be a nominee. (4) A company or foreign company must, within 7 days after the company or foreign company is informed under section 386ALB(5)(b) of any change to the particulars of a person for whom a shareholder of the company or foreign company is a nominee, enter the following in its register of nominee shareholders:(a) the new particulars of that person; (b) the date on which the particulars of that person changed. (5) Subject to section 386AM, a company or foreign company must not disclose, or make available for inspection, the register of nominee shareholders or any particulars contained in the register of nominee shareholders to any member of the public. (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] [Act 2 of 2022 wef 04/10/2022]