Section 219 CAMA 2020

Inspection of register of debentures, etc.

(1) Every register of holders of debentures of a company shall, except when duly closed (but subject to such reasonable restrictions as the company may in general meeting impose, so that at least two hours in each day shall be allowed for inspection), be open to the inspection of the registered
holder of such debentures or any holder of shares in the company without fee, and of any other person on payment of such fee as the Commission shall determine or such less sum as may be prescribed by the company : Provided that the Commission may at any time during working hours request for and obtain such copy without any restriction or charge.

(2) Any such registered holder of debentures or any other person may require a copy of the register of the holders of debentures of the company or any part thereof on payment of such fee as the Commission shall determine or such less sum as may be prescribed by the company.

(3) A copy of any trust deed for securing any issue of debentures shall be duly endorsed by an officer of the company and forwarded to every holder of such debentures at his request on payment in the case of a printed trust deed, of the sum of such fee as the Commission shall determine or such less sum as may
be prescribed by the company, or, where the trust deed has not been printed, on payment of such fee as the Commission shall determine or such less sum as may be prescribed by the company for every page required to be copied.

(4) If inspection is refused, or a copy is refused or not forwarded, the company and every officer of the company who is in default is liable to such fine as the Commission shall specify in the regulation for every day during which the default continues.

(5) Where a company is in default, a Court may by order compel an immediate inspection of the register or direct that the copies required shall be sent to the person requiring them.

(6) For the purposes of this section, a register is deemed to be duly closed in accordance with provisions contained in the articles or in the debentures or, in the case of debenture stock, in the stock certificates, or in the trust deed or other document securing the debentures or debenture stock, during such periods, not exceeding in the whole 30 days in any year, as may be therein specified.