register of members

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A list of the members of a company, which all UK companies must keep at their registered office or some other address notified to the Registrar of Companies. It contains the names and addresses of the members, the dates on which they were registered as members, and the dates on which any ceased to be members. If the company has a share capital, the register must state the number and class of the shares held by each member and the amount paid for the shares. Entry in the register constitutes evidence of ownership. Thus, a shareholder who loses a share certificate can obtain a replacement from the company provided proof of identity is supplied. However, as legal rather than beneficial ownership is registered, it is not always possible to discover from the register who controls the shares. Currently, the register must be available for inspection by members free of charge for at least two normal office hours per working day; others may inspect it on payment of a small fee. Under the Companies Act 2006 public access to the register will be limited. The register may be rectified by the court if it is incorrect.

Subjects: Financial Institutions and Services — Accounting.

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