Companies Act (Cap. 386), article 416

416. (1) If it appears to the Registrar that there is good reason to investigate the ownership of any shares in or debentures of a company and that it is unnecessary to appoint inspectors for th e purpose, he may require any perso n, whom he has re asonable caus e to believe to have or to be able to obtain any information as t o the present and past interests in those shares or debentures and th e names and addresses of the pers ons interested and of any person s who act or have acted on their behalf in relation to those shar es or debentures, to give any such information to the Registrar. (2) For the purpose of this article a person is deemed to have a n interest in shares or debentures if he has any right to acquire or dispose of them or of any interest in them, or to vote in respe ct of them, or if his consent is necessary for the exercise of any of the rights of other persons interested in them, or if other persons interested in them can be requir ed, or are accustomed, to exerc ise their rights in accordance with his ins tructions. (3) A person who fails to give information required of him by virtue of this article, or who in giving such information makes any statement which he knows to be false in a material particular, or recklessly makes any statement which is false in a material particular, shall be guilty of an offence and shall be liable o n conviction to a fine ( multa) of not more than forty-six thousand and five hundred and eighty-seven euro (€46,587), or to imprisonmen t for a term not exceeding three years, or to both such fine ( multa ) and imprisonment. COMP ANIES [CAP. 386. 259 Power to impose restrictions on shares or debentures. Amended by: L.N. 425 of 2007; XVIII.2025.50.