Article 17 - Rectification of register of Members
a. the Name of a person, the number of Shares held or the class of Shares held is, without sufficient reason, not entered in or omitted from an Investment Club's register of Members; or
b. there is a failure or unnecessary delay in entering on the register the fact of a person having ceased to be a Member,
a person aggrieved, or a Member of the Investment Club may apply to the CRO for rectification of the register.
(2) The CRO may refuse the application or may order rectification of the register.
(3) Whether or not the CRO exercises its power under Article 16(2), the QFC Civil and Commercial Court may make one or more of the following orders:
a. on application by the CRO, an order enforcing any orders made by it under this Article 17;
b. on application by a person aggrieved, a Member of the Investment Club or the Investment Club, an order directing the CRO to, or not to order the rectification of the register or to do any act or thing; or
c. on application by a person aggrieved, an order requiring the Investment Club to pay damages or to do any act or thing.
|Derived (as from 20th December 2016).|