Section 227: Register of securities and appointment of registrar.

(1) A body shall keep a register in which all transactions in securities entered into by the body are recorded and into which shall be entered all information which by this Act are required to be entered in the register.
(2) A body shall for the purpose of carrying out its functions under subsection (1) of this section appoint any registrar registered with the Commission as registrar and the appointment shall be subject to such terms and conditions as may be deemed fit by the body concerned.
(3) A register kept under this section shall be kept in such place as may be approved on behalf of the body and shall among other things, include the following:
(a) the names and addresses of the holders for the time being of the securities concerned and the persons deriving title therefrom;
(b) the amount of securities held by every holder; and
(c) the date on which the name of every holder is entered in respect of the securities held in his name.
(4) The registrar may be required to submit his books of account in connection with his functions under this part of this Act to an independent audit.