Law library · Sierra Leone · The Companies Act, 2009
Section 148, The Companies Act, 2009
In forceThe Companies Act, 2009, Sierra Leone
(1) Every register of holders of debentures of a companyshall, except when duly closed, be open to the inspection of the
registered holders of such debentures and of any holder of shares in
the company, but subject to such reasonable restrictions as the
company may in general meeting impose, so that not less than two
hours in each day shall be allowed.
Redeemable
debentures
Power to reissue redeemed
debentures in
Right of
holders and
shareholders
as to register
of holders.
100 101
(2) For the purposes of subsection (1), a register shall be
deemed to be duly closed if closed in accordance with provisions
contained in the articles or in the debentures or, in the case of
debenture stock, in the stock certificates, or in the trust deed or other
documents securing the debentures or debenture stock, during such
period or periods, not exceeding in the whole thirty days in any year,
as may be therein specified.
(3) Every registered holder of debentures and every
holder of shares in a company may require a copy of the register of
the holders of debentures of the company or any part thereof on
payment of such fees as the Commission may prescribe.
(4) A copy of any trust deed for securing any issue of
debentures shall be forwarded to every holder of such debentures at
his request on payment of such fees as may be prescribed by the
Commission or, where the trust deed has not been printed, on payment
of such fees as the Commission may prescribe.
(5) If inspection is refused, or a copy is refused or not
forwarded, the company and every officer of the company who is in
default shall be guilty of an offence and be liable to a fine not
(6) Where a company is in default, the court may by order
compel an immediate inspection of the register or direct that the copies
required shall be sent to the person requiring them.
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