Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 353

353. (1) This section has effect where a registered foreign company keeps a
register under section 351 or 352.

(2) The foreign company shall keep the register in the same manner as this Act
requires a company to keep its principal register.

(3) Subject to subsection (2), the foreign company shall register a
transaction in the register in the same way, and at the same charge, as it
would have registered the transaction in the register of members that the
foreign company keeps in its place of origin.

(4) A transfer of shares in the foreign company that is lodged at the foreign
company's registered office, or at the place where the register is kept, is
binding on the foreign company.

(5) The Court has the same powers in relation to rectification of the register
as it has in relation to rectification of a company's register of members.

(6) The register shall be deemed to be part of the foreign company's register
of members.

(7) At the written request of a member who holds shares registered in the
register, the foreign company shall remove the shares from the register and
register them in such other register as is specified in the request.

(8) The register is prima facie evidence of matters that this Act requires or
authorises to be entered in the register.