18.—(1) Every society shall maintain a register of members, and where a society issues shares to its members, a register of shares held by each member.
(2) The register of members and shares shall be prima facie evidence of any of the following particulars entered therein:
(a)
the date on which the name of any person was entered in the register as a member;
(b)
the date on which any such person ceased to be a member; and
(c)
the number of shares held by a member.
Informal Consolidation | Amended Act 3 of 2018
Register of members and shares
18.—(1) Every society shall maintain a register of members, and where a society issues shares to its members, a register of shares held by each member.
(1A) Where a society issues permanent shares to its institutional members, the number of permanent shares held by each institutional member must be recorded in the society’s register of shares.
[Act 3 of 2018 wef 10/04/2018]
(2) The register of members and shares shall be prima facie evidence of any of the following particulars entered therein:
(a)
the date on which the name of any person was entered in the register as a member;
(b)
the date on which any such person ceased to be a member; and