Revised Laws of Saint Lucia (2021)

532.   Inquiries

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    (1)   If the Registrar is satisfied that, for the purposes of Division F of Part 1 or Division E of Part 2, there is reason to enquire into the ownership or control of a share or debenture of a company or any of its affiliates, the Registrar may require any person that he or she reasonably believes has or has had interest in the share or debenture, or acts or has acted on behalf of a person with such an interest, to furnish to the Registrar, or to any person the Registrar appoints—

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      (a)     information that the person has or can reasonably be expected to obtain as to present and past interests in the share or debenture; and

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      (b)     the names and addresses of the persons so interested and of any person who acts or has acted in relation to the share or debenture on behalf of the persons so interested.

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    (2)   For the purposes of subsection (1), a person has an interest in a share or debenture, if—

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      (a)     he or she has a right to vote or to acquire or dispose of the share or debenture or any interest therein;

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      (b)     his or her consent is necessary for the exercise of the rights or privileges of any other person interested in the share or debenture; or

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      (c)     any other person interested in the share or debenture can be required, or is accustomed, to exercise rights or privileges attached to the share or debenture in accordance with his or her instructions.