Section 49
of International Business Companies Order, 2000
Section 49
(1)
If, in the case of an IBC –
Incorporating amendments until S 53/2017
(Clean Vesion) NANI/zimah _ as of 11 February 2020
55
BLUV as at 20th June 2017
(a)
information which is required to be entered in a share register in accordance with section 46 or in a register of members in accordance with section 47 is omitted from the register or inaccurately recorded in it; or
(b)
there is unreasonable delay in entering any information in a share register or a register of members, a member of the IBC, or any person aggrieved by the omission, inaccuracy or delay, may apply to the Registrar for an order that the register in question be rectified.
(2)
On an application under subsection (1), the Registrar may order rectification of the register or refuse the application and, according as the Registrar thinks fit, the Registrar may make an order for costs to be paid by the applicant or the IBC.
(3)
The Registrar may, in any proceedings under subsection (1), determine any question relating to the right of a person who is a party to the proceedings to have his name entered in or omitted from the share register or, as the case may be, the register of members, whether the question arises between –
(a)
two or more members or alleged members of the IBC; or
(b)
between members or alleged members and the IBC, and generally the Registrar may in the proceedings determine any question that may be necessary or expedient to be determined for the rectification of the register in question.
(4)
Any matter requiring the decision of the Registrar under this section may be referred by the Registrar or a party to the Court.
Transfer of shares.