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Law library · Sierra Leone · The Companies Act, 2009

Section 69, The Companies Act, 2009

In forceThe Companies Act, 2009, Sierra Leone

(1) Every company shall keep a register of its membersand enter in it the particulars required by this section. (2) There shall be entered in the register– (a) the names and addresses of the members; (b) the date on which each person was registered as a member; and (c) the date at which any person ceased to be a member. (3) The following applies in the case of a company having a share capital:– (a) with the names and addresses of the members there shall be entered a statement– (i) of the shares held by each member, distinguishing each share by its number (so long as the share has a number) and, where the company has more than one class of issued shares, by class; and Right of member to attend meetings and vote. ceasing to have Personation of members. Obligation to keep up and enter register. 50 51 (ii) of the amount paid or agreed to be considered as paid on the shares of each member; (b) where the company has converted any of its shares into stock and given notice of the conversion to the Commission, the register shall show the amount and class of stock held by each member, instead of the amount of shares and the particulars relating to shares specified in paragraph (a). (4) In the case of a company which does not have a share capital but has more than one class of members, there shall be entered in the register, with the names and addresses of the members, the class to which each member belongs. (5) If a company defaults in complying with this section, the company and every officer of it who is in default is liable to a default fine and, for a continued contravention, to a daily default fine of Le500,000 (6) Any entry relating to a former member of the company may be removed from the register after the expiration of 10 years from the date on which he ceases to be a member. (7) Liability incurred by a company from the making or deletion of an entry in its register of members, or from a failure to make or delete the entry, is not enforceable more than 10 years after the date on which the entry was made or deleted or, in the case of such failure, the failure first occurred.

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