1. Companies shall be required to obtain and retain the following: a. The Basic Information referred to in Paragraph (b) of Clause (1) of Article (9) of this Resolution, together with the Up-To-Date information of the Nominee Director or Nominee Shareholder referred to in Article (39) of this Resolution, and shall update such information within fifteen (15) Working Days from the occurrence of any amendment or change thereto, verify their accuracy on an ongoing basis, and assist the Registrar in documenting such information where necessary; b. The data of the partners’ or shareholders’ register, including the number of shares or ownership interests held by each, and the classes of shares, if any, including the nature of the voting rights attached thereto, provided that such data is retained within the State at the company’s office, registered place of business, or another location notified to the Registrar; c. The shareholders’ register shall be exempt from being retained within the State where the company retains Beneficial Owner information within the State at its office, registered place of business, or at any other location notified to the Registrar, provided that the company shall comply with providing such information to the Registrar upon request and without delay; d. The Beneficial Owner information referred to in Clause (1) of Article (10) of this Resolution, and shall update such information within fifteen (15) Working Days from the occurrence of any amendment or change thereto and verify its accuracy on an ongoing basis. 2. Companies shall cooperate with Financial Institutions, Designated Non-Financial Businesses and Professions, and Virtual Asset Service Providers in providing adequate, accurate, and Up-To-Date Beneficial Owner Information. 3. Companies shall cooperate to the maximum extent possible, with the concerned authorities in identifying and making available adequate, accurate, and Up-To-Date Beneficial Owner Information without delay. 4. No company established and registered in the State may issue bearer shares, bearer share warrants, or any similar instruments that cannot be traced. Bearer shares or bearer share warrants issued prior to the entry into force of this Resolution shall be converted into registered shares in accordance with the legislation in force in the State within thirty (30) Working Days from the date of publication of this Resolution. The holder of bearer shares, bearer share warrants, or similar instruments shall notify the company of their capacity and status, and the company shall register the holder’s identity prior to the exercise of any rights attached thereto during the conversion period.
Interpretation and application must be checked against the official text and current version.