Check a company's register of members against the statutory contents
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- From the register, list each member's name, address and the date of the entry, and, where the company has a share capital, the shares, class, amount paid, whether the shares are fully paid, and any amount unpaid. Do not correct the register.
- What the lawyer must review
- The lawyer decides whether the register meets the section, including any non-beneficial holding and the former-member entries.
- Written for / version
- US
Open a jurisdiction version of this task to see which instruments apply: US
Who does what
| Role | What they do |
|---|---|
| Assistance | From the register, list each member's name, address and the date of the entry, and, where the company has a share capital, the shares, class, amount paid, whether the shares are fully paid, and any amount unpaid. Do not correct the register. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- The register must contain each member's name and address and the date the entry is made. If the company or scheme has more than 50 members, it must include an up-to-date index of members' names, unless the register itself operates effectively as an index.
- If the company has a share capital, the register must also show the date of every allotment, the number of shares in each allotment, the shares held by each member, the class, any share or share-certificate numbers, the amount paid, whether the shares are fully paid, and the amount unpaid. Subsections (4) and (5) say the unpaid amount need not be shown if all the shares were issued before 1 July 1998 and either the register still shows the par values as they were immediately before that date, or the company is not a listed company.
- A company with share capital that is neither a listed company within the meaning of section 603 nor a company covered by an order under section 707 must indicate any shares a member does not hold beneficially. For that decision the company is to have regard only to information in notices given under section 1072H, 672B or 672C. Those sections were not opened.
- The register must show the name and details of each person who stopped being a member within the last 7 years, and the date the person stopped. Those entries may be kept separately. Two or more persons who jointly hold shares are taken to be a single member in relation to those shares.
Sources
- Corporations Act 2001 (Cth) s 169 · 2026-10-22
These are suggested working checks. Confirm the required checking with the responsible lawyer before work starts; the checking approach does not establish permission to use AI.