Section 51. Duty to notify of particulars and changes in the register of members

(1) A company shall notify the Registrar of the changes in the particulars in the register within fourteen days from the date—

(a) of the change of any shareholder contained in the register;

(b) after a person ceases to be, or becomes, a shareholder of the company; or

(c) the information required under section 56 is received by the company or is recorded in the register.

(2) The Registrar shall determine the form, manner and extent of the information to be lodged under subsection (1).

(3) This section is not applicable to a company whose shares are quoted on a stock exchange.

(4) The company and every officer who contravene this section commit an offence and shall, on conviction, be liable to a fine not exceeding twenty thousand ringgit and, in the case of a continuing offence, to a further fine not exceeding five hundred ringgit for each day during which the offence continues after conviction.