All provisions · Beneficial Ownership Act (Cap. 251B) · Part III: Accessibility, disclosure and confidentiality of beneficial ownership
12 Rectification of register of beneficial owners
(1) If any beneficial owner or registrable legal person finds that the information that is required to be entered in the register of beneficial owners is omitted from the register or is inaccurately entered in the register or if there is unreasonable delay in entering the information in the register, the beneficial owner or registrable legal person may request the legal person or the legal arrangement, as the case may be, in writing to rectify the omission, inaccuracy or delay in entering the details in the register of beneficial owners. (Amended by Act 38 of 2022)
(2) On an application under subsection (1), the legal person or the legal arrangement, as the case may be, shall within 3 days from the date of receipt of such application rectify the omission, inaccuracy or delay in entering the details in the register of beneficial owners.
(3) If the legal person or the legal arrangement, as the case may be, fails to rectify the omission, inaccuracy or delay in entering the details in the register of beneficial owners, the aggrieved person may file an application before the Supreme Court to that effect and, on such application, the Court may—
(a) order the rectification of the register of beneficial owners, and may direct the legal person or the legal arrangement, as the case may be, to pay all costs of the application and any damages the applicant may have incurred;
(b) determine any question relating to the right of a person who is a party to the proceedings to have the person’s name entered in or omitted from the register of beneficial owners, whether the question arises between—
(i) two or more beneficial owners or alleged beneficial owners; or
(ii) between one or more beneficial owners or alleged beneficial owners and the legal person or legal arrangement;
(c) refuse the application, with or without costs to be paid by the applicant;
(d) determine any question that may be necessary or expedient to be determined for the rectification of the register of beneficial owners.
(2) On an application under subsection (1), the legal person or the legal arrangement, as the case may be, shall within 3 days from the date of receipt of such application rectify the omission, inaccuracy or delay in entering the details in the register of beneficial owners.
(3) If the legal person or the legal arrangement, as the case may be, fails to rectify the omission, inaccuracy or delay in entering the details in the register of beneficial owners, the aggrieved person may file an application before the Supreme Court to that effect and, on such application, the Court may—
(a) order the rectification of the register of beneficial owners, and may direct the legal person or the legal arrangement, as the case may be, to pay all costs of the application and any damages the applicant may have incurred;
(b) determine any question relating to the right of a person who is a party to the proceedings to have the person’s name entered in or omitted from the register of beneficial owners, whether the question arises between—
(i) two or more beneficial owners or alleged beneficial owners; or
(ii) between one or more beneficial owners or alleged beneficial owners and the legal person or legal arrangement;
(c) refuse the application, with or without costs to be paid by the applicant;
(d) determine any question that may be necessary or expedient to be determined for the rectification of the register of beneficial owners.
Official source: Beneficial Ownership Act (Cap. 251B), Act 4 of 2020, Revised Edition as at 31 May 2024 (Acts 4 of 2020, 6 of 2021, 26 of 2021, 38 of 2022, 28 of 2023); Act 18 of 2025 worked in by us
