The Companies (Amendment) Act, 2019 became law earlier this year with assent given on 4 April 2019: see here (pdf). The Act amends the Companies Act, 1995 and will come into force through promulgation and, so far, this has been done for section 10A of the Act: see here (pdf). The 1995 Act prohibited the issuing of bearer shares; section 10A retains this prohibition but adds to it by also prohibiting the conversion or exchange of any share into a bearer share. Elsewhere in the 2019 Act are rules requiring companies to maintain information about the beneficial owners of its shares.
Posted by Robert Goddard at 12:56A message from Robert Goddard, Senior Lecturer in Law, Aston Law School, Aston Business School, Birmingham, UK.
Email: robert_goddard@outlook.com or r.j.goddard@aston.ac.uk
At Aston I teach (or have taught) courses in fraud, company law, corporate governance, securities law, financial regulation and taxation. This site primarily supports my company (corporate) law and governance teaching and to a lesser extent the other subjects I teach. It is primarily an online notepad where I record important developments, news and other items that interest me.
Users of this site include my students as well as colleagues at Aston and other universities. Practitioners tell me they find the site useful too. In 2010 the site was commended in Legal Week and also chosen as one of the LexisNexis Top 25 Business Law Blogs 2010.
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