Singapore legislation
Clause 72
Clause 72
Power of court to rectify register
(1)
If —
the name of any person is without sufficient cause entered in or omitted from the register of the unitholders of a registered business trust referred to in section 69(1); or
default is made or unnecessary delay takes place in entering in the register the fact of any person having ceased to be a unitholder,the person aggrieved or any unitholder or the trustee-manager of the registered business trust, on behalf of the registered business trust, may apply to the court for rectification of the register, and the court may refuse the application or may order rectification of the register and payment by the trustee-manager of any damages sustained by any party to the application.
(2)
On any application under subsection (1), the court may decide —
any question relating to the title of any person who is a party to the application to have his name entered in or omitted from the register of unitholders of a registered business trust referred to in section 69(1), whether the question arises between unitholders or alleged unitholders or between unitholders or alleged unitholders on the one hand and the trustee-manager of the registered business trust on the other hand; and
generally, any question necessary or expedient to be decided for the rectification of the register.
(3)
The court when making an order for rectification of a register of the unitholders of a registered business trust shall by its order direct a notice of the rectification to be so lodged with the Authority.
(4)
No application for the rectification of a register of the unitholders of a registered business trust in respect of an entry which was made in the register more than 30 years before the date of the application shall be entertained by the court.