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For the purposes of maintaining the Register of Nominee Directors, Nominee directors are required to inform their companies of their nominee directorship.
Nominee directors are now required to inform their companies of their status as the companyβs nominee director and provide certain particulars of his nominator to be written into the Register of Nominee Directors with certain deadlines.
With effect from 31 March 2017, Companies are required to each:
- keep a register of its nominee directors containing the particulars of the nominators of the companyβs nominee directors; and
- produce the register of nominee directors and any related document to the Registrar, an officer of the Accounting and Corporate Regulatory Authority or a public agency, upon request.