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Company Law in Trinidad and Tobago: Beneficial Ownership and Prohibition on Bearer Shares

This comprehensive document outlines various aspects of company law in Trinidad and Tobago, specifically related to beneficial ownership and the prohibition on bearer shares, bearer share certificates, share warrants, and bearer share warrants.

Key Points Summary

• Prohibition on Bearer Shares, Certificates, Warrants, and Bearer Share Warrants: The Act has been amended to prohibit the issue of any of these instruments.
• Action for Companies that Issued these Instruments Prior to Amendments
  • File a return with the Registrar General within 6 months of commencement, listing the number of share warrants and bearer share warrants issued.
  • Maintain a register of all share warrants and bearer share warrants issued.
  • Notify the Registrar General of any new issues and require the holder to bring in the instrument for registration within 6 months.

Action for External Companies Registered in Trinidad and Tobago

• File a return with the Registrar General within 12 months of commencement, listing the number of bearer shares, bearer share certificates, share warrants, and bearer share warrants issued in Trinidad and Tobago.
• Maintain a register of all bearer shares, bearer share certificates, share warrants, and bearer share warrants issued.
• Notify the Registrar General of any new issues and require the holder to bring in the instrument for registration within 6 months.

Important Note

This document is intended as general guidance only and should not be relied upon without consulting a qualified attorney or professional.