Commonwealth Repealed Acts

This legislation has been repealed.

CORPORATIONS LAW- SECT 601CM

(1)

A registered foreign company that has a share capital may cause a branch register of members to be kept in Australia.

(2)

Where a member of a registered foreign company is resident in Australia and requests the foreign company in writing to register in a branch register in Australia shares held by the member, then:

(a)

if the foreign company already keeps an Australian register—the foreign company shall register in that register the shares held by the member; or

(b)

otherwise—the foreign company shall, within 1 month after receiving the request:

(i)

keep at its registered office or at some other place in Australia a branch register of members; and

(ii)

register in that register the shares held by the member.

(3)

Subsection (2) does not apply in relation to a foreign company whose constitution prohibits any invitation to the public to subscribe for, and any offer to the public to accept subscriptions for, shares in the foreign company.

(4)

Subject to this section, a registered foreign company may discontinue its Australian register and shall, if it does so, transfer all entries in that register to a register of members kept outside Australia.

(5)

Where shares held by a member of a registered foreign company who is resident in Australia are registered in the foreign company's Australian register, the foreign company shall not discontinue that register without that member's written consent.