Singapore legislation

Clause 69

of Business Trusts Bill

Clause 69

Register of unitholders

(1)

The trustee-manager of a registered business trust shall —

(a)

keep and maintain, or cause to be kept and maintained, a register of the unitholders of the registered business trust; and

(b)

make that register available for inspection, without charge, by any person during the business hours of the trustee-manager.

(2)

The register referred to in subsection (1) shall contain —

(a)

the name and address of each unitholder of the registered business trust;

(b)

the extent of holding by each unitholder of units in the registered business trust;

(c)

the date on which the name of each person was entered in the register as a unitholder; and

(d)

the date on which any person ceased to be a unitholder.

(3)

Any trustee-manager of a registered business trust which contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $25,000 and, in the case of a continuing offence, to a further fine not exceeding $2,500 for every day or part thereof during which the offence continues after conviction.

Clause 69 — Business Trusts Bill | laws.sg