Correction of Share Register

Current

(1)

The Secretary may correct any error or mistake in the Share Register.

(2)

If a prohibited dealing in a share is registered in the Register, the Secretary may take any steps necessary to rectify the Register and restore the integrity of the Register.

(3)

The actions that the Secretary is authorised to take under this section include the following—

(a)

cancelling or amending the registration of a dealing,

(b)

making a new recording in the Register.

(4)

The Secretary may pay compensation to any person who, in the opinion of the Secretary, is unfairly disadvantaged by action taken by the Secretary under this section.

This Act’s bill:Explanatory memorandum

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99 Correction of Share Register