Inspection of register of beneficial owners

(1) A beneficial owner of a company incorporated under this Act may, in person or by attorney and in furtherance of a proper purpose, request in writing, specifying the purpose, to inspect during normal business hours the register of beneficial owners of the company and to make copies or extracts therefrom. (2) For the purposes of sub-section (1), a proper purpose is a purpose reasonably related to the beneficial owner’s interest. (3) If a request under sub-section (1) is submitted by an attorney, the request must be accompanied by a power of attorney authorising the attorney to act for the beneficial owner. (4) If the company, by a resolution of directors, determines that it is not in the best interest of the company or of any other member of the company to comply with a request under sub- section (1), the company may refuse the request. (5) Upon refusal by the company of a request under sub- section (1), the beneficial owner may, before the expiration of a period of 90 days of his receiving notice of the refusal, apply to the court for an order to allow the inspection.