Step 1 of 13
Adding and Maintaining Shareholder Records in the Corporate Registry
Keeping accurate shareholder records is essential for corporate governance. Here’s why:
Regulatory Compliance: Alberta corporations must keep updated shareholder records to comply with the Business Corporations Act (BCA). This supports proper governance and helps avoid penalties.
Ownership Verification: The shareholder register confirms share ownership, providing proof in case of disputes or when shares are transferred.
Facilitating Share Transfers: Updating records during share transfers prevents confusion and supports smooth transitions.
Corporate Continuity: Accurate records ensure seamless ownership transitions, reducing potential disputes or delays.