Clause 10

by inserting immediately after the word “interest” appearing in the ninth line of subsection (1) thereof the expression “(including an interest which is reversionary or contingent or which arises as a result of a discretionary trust)”;

by inserting immediately after subsection (1) thereof the following new subsection: —“(1A) A company shall make an entry in the register showing any change in the particulars shown in the register in respect of a director within three days of receiving notice from the director of the change in particulars.”;

by inserting immediately after the expression “subsection (1)” appearing in the first line of subsection (3) thereof the expression “, subsection (1A)”;

by deleting the words “a reasonable time” appearing in the seventh and eighth lines of subsection (3) thereof and substituting therefor the words “the time prescribed by this section”;

by inserting immediately after subsection (6) thereof the following new subsections: —“(6A) Any member or other person may request the company to furnish him with a copy of the register, or any part thereof, on payment in advance of one dollar and the company shall cause any copy so requested by any person to be sent to that person within a period of twenty-one days, or within such further period as the Registrar may allow.(6B) A company which is a wholly owned subsidiary of another company shall be deemed to have complied with the requirements of this section in relation to a director who is a director of that other company if the particulars required to be shown with respect to that director are shown in the register of that other company.”; and

by inserting immediately after subsection (12) thereof the following new subsections: —“(13) For the purposes of the application of this section —

a director of a company shall be deemed to hold or have an interest or a right in or over any shares or debentures if a wife or husband of that director of a company (not being herself or himself a director thereof) holds or has an interest or a right in or over any shares or debentures or an infant son or infant daughter of that director (not being himself or herself a director) holds or has an interest in shares or debentures; and

any contract, assignment or right of subscription exercised or made by or grant made to the wife or husband of a director of a company (not being herself or himself a director thereof) shall be deemed to have been entered into or exercised or made or, as the case may be, as having been made to the director; and so shall a contract assignment or right of subscription entered into exercised or made by or grant made to an infant son or infant daughter of a director of a company (not being himself or herself a director thereof).(14) In subsection (13) of this section, the expression “an interest in shares” has the same meaning as is assigned to it in section 6A of this Act, and the word “son” includes step-son and adopted son and “daughter” includes step-daughter and adopted daughter.”.