What is the Register of Members. What is the Register of Shareholders.

The Register of Members is a record of all shareholders or members of a company. This may also be called the Register of Shareholders for companies that issue shares. In the register, the following information about the members of the company need to be maintained:

Name of members
Address of members
Date of becoming a member
Date the individual ceased to be a member
Share allotment number (share certificate number) and date when the shares were allotted to the member

The register should be kept in the registered office of the company. If the register is kept at a different location, the company will have to inform the registrar within 14 days by filing a notice.
The register should be open to inspection by members without any charge. This means that any member or shareholder is free to approach the company to inspect the register of members. He or she can also request a copy of this register. The company may or may not charge based on whatever fee it had set previously.
All companies will need to maintain a register of members. For private companies, the registrar will maintain an electronic register of members. In the event that shares are transferred in a private company, the company has to send a notice to the registrar. The transfer will only come into effect when the registrar updates the electronic register of members.

When in doubt, seek legal advice or consult an experienced ACRA Filing Agent.

Yours Sincerely,
The editorial team at Singapore Secretary Services

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