Companies Act · s 310L

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310L.
(1) A director of a company incorporated on or after the appointed day -
(a) who is a nominee shall inform the company of that fact and provide such prescribed particulars of the person for whom the director is a nominee within 30 days after the date of incorporation; and
(b) who becomes a nominee shall inform the company of that fact and provide such prescribed particulars of the person for whom the director is a nominee within 30 days after the director becomes a nominee.

238

Companies
(2) A director of a company incorporated before the appointed day -
(a) who is a nominee shall inform the company of that fact and provide such prescribed particulars of the person for whom the director is a nominee within 60 days after the appointed day;
and
(b) who becomes a nominee shall inform the company of that fact and provide such prescribed particulars of the person for whom the director is a nominee within 30 days after the director becomes a nominee.
(3) A director of a company mentioned in subsection (1) or (2)
shall inform the company -
(a) that he ceases to be a nominee within 30 days after the cessation; and
(b) of any change to the particulars provided to the company under that subsection within 30 days after the change.
(4) A company shall keep a register of its directors who are nominees (in this Part referred to as the register of nominee directors) in such form as the Registrar may determine and at such place as may be prescribed.
(5) Subject to section 310M, a company shall not disclose, or make available for inspection, the register of nominee directors or any particulars contained in the register of nominee directors to any member of the public.
(6) If a director fails to comply with subsection (I), (2) or (3), the director is guilty of an offence and liable on conviction to a fine not exceeding $5,000.
(7) If a company fails to comply with subsection (4) or (5), the company, and every officer of the company who is in default, shall each be guilty of an offence and shall each be liable on conviction to a fine not exceeding $5,000.

Companies
CAP. 39 239
(8) In this section, a director is a nominee if the director is accustomed or under an obligation whether formal or informal to act in accordance with the directions, instructions or wishes of any other person.
(9) In this section, "appointed day" means the date of commencement of the Companies Act (Amendment) Order, 2020
a

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s 310L

(1)

A director of a company incorporated on or after the appointed day -

(a)

who is a nominee shall inform the company of that fact and provide such prescribed particulars of the person for whom the director is a nominee within 30 days after the date of incorporation; and

(b)

who becomes a nominee shall inform the company of that fact and provide such prescribed particulars of the person for whom the director is a nominee within 30 days after the director becomes a nominee.

238

Companies

(2)

A director of a company incorporated before the appointed day -

(a)

who is a nominee shall inform the company of that fact and provide such prescribed particulars of the person for whom the director is a nominee within 60 days after the appointed day;

and

(b)

(3)

A director of a company mentioned in subsection (1) or (2)

shall inform the company -

(a)

that he ceases to be a nominee within 30 days after the cessation; and

(b)

of any change to the particulars provided to the company under that subsection within 30 days after the change.

(4)

A company shall keep a register of its directors who are nominees (in this Part referred to as the register of nominee directors) in such form as the Registrar may determine and at such place as may be prescribed.

(5)

Subject to section 310M, a company shall not disclose, or make available for inspection, the register of nominee directors or any particulars contained in the register of nominee directors to any member of the public.

(6)

If a director fails to comply with subsection (I), (2) or (3), the director is guilty of an offence and liable on conviction to a fine not exceeding $5,000.

(7)

If a company fails to comply with subsection (4) or (5), the company, and every officer of the company who is in default, shall each be guilty of an offence and shall each be liable on conviction to a fine not exceeding $5,000.

Companies

CAP. 39 239

(8)

In this section, a director is a nominee if the director is accustomed or under an obligation whether formal or informal to act in accordance with the directions, instructions or wishes of any other person.

(9)

In this section, "appointed day" means the date of commencement of the Companies Act (Amendment) Order, 2020