A share register is an important record of the company’s affairs and should be established and kept up to date from the date of incorporation of the company.
The COMPANIES ACT requires all companies to maintain a share register which records all the shares issued by the company. The share register must record the name of the shareholder, the type of shares issued, the number of shares issues, date of issue as well as any changes such as allotments, transfers etc.
The share register is of particular importance as it is deemed to be evidence of the named shareholders’ legal title to the shares, subject to any evidence to the contrary. The company treats the person named in the share register as the registered holder of the relevant shares, and the only person entitled to exercise the voting rights that attach to the shares, to receive notices, to receive distributions in respect of the shares, and to exercise any other rights and powers that attach to the shares.
A share register is an important record of the company’s affairs and should be established and kept up to date from the date of incorporation of the company.
In our experience, many companies do not have in-house expertise to maintain the register and most of our clients rely on us to establish and maintain their share register. We are more than glad to do this for our customers and offer this service to any company that may be registered but not having a share register in place.
To find out more about our share register maintenance services, please contact us on info@vcsafrica.com
