Index of
members of
company.

514

SECRETARIAL PRACTICE
96.—(1) Every company having more than fifty members shall,
unless the register of members is in such a form as to constitute in
itself an index, keep an index of the names of the members of the
company and shall, within fourteen days after the date on which
any alteration is made in the register of members, make any necessary
alteration in the index.

(2) The index, which may be in the form of a card index, shall
in respect of each member contain a sufficient indication to enable
the account of that member in the register to be readily found.

(3) If default is made in complying with this section, the
company and every officer of the company who is in default shall
be liable to a default fine.

Prvisiqos as to 97,—(1) On the issue of a share warrant the company shall

latins to Strike out of its register of members the name of the member then

share warrants. entered therein as holding the shares specified in the warrant as if
he had ceased to be a member, and shall enter in the register the
following particulars, namely: —

(a) The fact of the issue of the warrant;

(b) A statement of the shares included in the warrant, dis-

tinguishing each share by its number; and
The date of the issue of the warrant.

(2) The bearer of a share warrant shall, subject to the articles
of the company, be entitled, on surrendering it for cancellation, to
have his name entered as a member in the register of fnembers.

(3) The company shall be responsible for any loss incurred by
any person by reason of the company entering in the register the
name of the bearer of a share warrant in respect of the shares therein
specified without the warrant being surrendered and cancelled.

(4) Until the warrant is surrendered, the particulars specified in
subsection (1) of this section shall be deemed to be the particulars
required by this Act to be entered in the register of members, and, on
the surrender, the date of the surrender must be entered.

(5) Subject to the provisions of this act, the bearer of a share
warrant may, if the articles of the company so provide, be deemed
to be a member of the company within the meaning of this Act, either
to the full extent or for any purposes defined in the articles.

Inspection of
register of
members.

98.—(1) The register of members, commencing from the date of
the registration of the company, and the index of the names of
members, shall be kept at the registered office of the company, and,
except when the register is closed under the provisions of this Act,
shall during business hours (subject to such reasonable restrictions
as the company in general meeting may impose, so that not less
than two hours in each day be allowed for inspection) be open to the
inspection of any member without charge and of any other person
on payment of one shilling, or such less sum as the company may
prescribe, for each inspection,