COMPANIES ACT - 1963 (ACT 179)

    Section - 104 - Regulations as to Branch Registers

    (1) A branch register shall be deemed to be a part of the company's register of members or debentureholders, as the case may be, in this section referred to as the principal register.

    (2) It shall be kept in, and shall be opened for inspection in, the same manner in which the principal register is, by sections 32 to 36 and 96 to 98 of this Code, required to be kept, except that the advertisement before closing the register shall be inserted in some newspaper circulating in the district where the branch register is kept.

    (3) The company shall,

    (a) transmit to its registered office a copy of every entry in its branch register as soon as may be after the entry is made; and

    (b) cause to be kept at the place where the company's principal register is kept a duplicate of its branch register duly entered up from time to time and every such duplicate shall, for the purposes of this Code, be deemed to be a part of the principal register.

    (4) Subject to the provisions of this section with respect to the duplicate register the shares or debentures registered in a branch register shall be distinguished from those registered in the principal register, and no transaction with respect to any shares or debentures registered in a branch register shall, during the continuance of that registration, be registered in any other register.

    (5) A company may discontinue a branch register, and thereupon all entries in that register shall be transferred to the principal register.

    (6) Subject to the provisions of this Code, a company may, by its Regulations, make such provisions as it may think fit respecting the keeping of branch registers.

    (7) If default is made in complying with subsection (3) of this section, the company and every officer of the company who is in default shall be liable to a fine not exceeding five pounds for each day during which the default continues; and where the principal register is kept at the office of some person other than the company, and by reason of any default of his the company fails to comply with paragraph (b) of subsection (3) of this section, he shall be liable to the same penalty as if he was an officer of the company who was in default.