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CORPORATIONS ACT 2001

CHAPTER 5B - BODIES CORPORATE REGISTERED AS COMPANIES, AND REGISTRABLE BODIES  

PART 5B.2 - REGISTRABLE BODIES  

Division 2 - Foreign companies  

SECTION 601CM  REGISTER OF MEMBERS OF FOREIGN COMPANY  

601CM(1)  [Branch register of members]  


A registered foreign company that has a share capital may cause a branch register of members to be kept in this jurisdiction.

601CM(2)  [Request by member resident in this jurisdiction]  


If a member of a registered foreign company is resident in this jurisdiction and requests the foreign company in writing to register in a branch register kept under subsection (1) shares held by the member, then:


(a) if the foreign company already keeps a register under subsection (1) - the foreign company must register in that register the shares held by the member; or


(b) otherwise - the foreign company must, within 1 month after receiving the request:


(i) keep at its registered office or at some other place in this jurisdiction a branch register of members; and

(ii) register in that register the shares held by the member.

601CM(3)  [Exception]  


Subsection (2) does not apply in relation to a foreign company whose constitution prohibits any invitation to the public to subscribe for, and any offer to the public to accept subscriptions for, shares in the foreign company.

601CM(4)  [Discontinuation of branch register]  


Subject to this section, a registered foreign company may discontinue a register kept under subsection (1) and must, if it does so, transfer all entries in that register to a register of members kept outside Australia.

601CM(5)  [Written consent of member]  


If shares held by a member of a registered foreign company who is resident in this jurisdiction are registered in a register kept by the foreign company under subsection (1), the foreign company must not discontinue that register without that member's written consent.

 



This information is provided by CCH Australia Limited. View the disclaimer and notice of copyright.
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