What is a share register?
Keeping this in consideration, what is a share registrar?
DEFINITION of Registrar A registrar is an institution, often a bank or trust company, responsible for keeping records of bondholders and shareholders after an issuer offers securities to the public.
Furthermore, what is a share register South Africa? A share certificate is legal proof of ownership of a company. Its a signed document, signed by the directors of the company, and shows information such as the Name and Surname of the individual, the ID number of the person, residential address, the quantity of shares owned and the actual share numbers owned.
Just so, why a share register must be kept by a company?
When a company issues share capital, it must keep a record known as a 'register of members' or 'share register'. The register must contain information about the members/shareholders of the company and can be accessed by anyone. If you are a member of a company, this inspection is free.
How do I become a registered shareholder?
To become a registered shareholder, contact your broker and request a certificate for your shares. Customarily, there is a fee for this service and the process usually takes several weeks to complete. To become a non-registered shareholder, simply take your share certificate(s) to the broker of your choice.