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Structural division: books › CHAPTER THREE
Article 507 — Share Register
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
1/ The head office of the company shall keep the following particulars in a share register:
a) name and address of members; the shares of the members and the serial number of shares;
b) particulars about transfers of shares;
c) all amendments to these particulars.
2/ Where there are changes in the particulars under
(a) and
(b) of Sub-Article
(1) of this Article, the chairperson of the board of directors, if any, or the manager of the company shall submit at the beginning of each calendar year to the Ministry of Trade and Industry or any other relevant government authority a list showing the changes made..
3/ Members may consult the share register free of charge or take a copy thereof; the company shall give a copy of the register to the requesting member within one month from the date of such request.
4/ Any third party may upon payment of the prescribed fee consult the share register or request the company to give him a copy thereof.
5/ Upon notification by a member or any other interested person of the existence of inaccuracy in the entries in the register, the Ministry of Trade and Industry or any other relevant government authority may cause the rectification of such inaccuracy; the directors, if any, or the managers of the company, in case the company has no directors shall be jointly and severally liable for any loss occasioned by inaccuracy in the particulars entered in the share register.