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Article D: Register of Substantial Shareholders and
Additional Register of Shareholders Outside Israel
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137. Reports received by the company pursuant to
the Securities Law relating to the holdings of substantial shareholders of
shares in the company shall be kept in the register of substantial shareholders.
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Contents of register of substantial shareholders
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138. (a) A company may keep an additional register
of shareholders outside Israel (hereinafter “the additional register”).
(b) A company that keeps
an additional register shall enter on the register of shares under section 130
(hereinafter “the principal register”) the number of shares registered in the
additional register of shareholders, and their numbers if they are marked with
numbers.
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Additional register of shareholders
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139. The
Minister may lay down provisions for the keeping of an additional
register under section 138, including provisions relating to the
updating of the principal register with the details entered in the
additional register.
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Regulations
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Chapter 3: Reporting
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Article A: Reports of Private Companies
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140. A private company shall send the Registrar an
annual report, as provided in section 141, and shall report to the Registrar as
specified in this Law and in respect of the following matters:
(1) alterations in the
articles of association as provided in section 21, including resolutions as to
change of name as provided in section 31, and increase or decrease of capital as
provided in sections 286 and 287;
(2) change of address of
the registered office as set out in section 123;
(3) notification under
section 159 to the effect that the company has no auditor;
(4) appointments to the
board of directors and changes in its composition, as provided in section 223;
(5) allotment of shares
as provided in section 292;
(6) transfer of shares as
provided in section 299, fourteen days from the date of transfer;
(7) merger as provided in
section 317.
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Reporting by private companies
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141. (a) A private company shall, once a year,
prepare and submit an annual report as prescribed by the Minister, within
fourteen days after the annual general meeting.
(b) A private company
that does not hold an annual general meeting, in accordance with section 61,
shall submit an annual report once a year no later than fourteen days after
sending the financial reports to shareholders, and in respect of an inactive
company that does not prepare financial reports pursuant to the provisions of
section 172(g), once a year. |
Annual report by private company
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Article B: Reporting by Public Company
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142. A public company shall report to the
Securities Authority, to the stock exchange on which the company’s securities
are listed for trading, and to the Companies Registry as required by this Law,
by the Securities Law or by any other law.
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Reporting public company
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143. (a) Reports submitted to the Securities
Authority pursuant to section 142 shall be open for public inspection at the
Securities Authority and any person may inspect them and receive certified
copies of what is entered in them, whether through the Securities Authority or
through others authorized by the Securities Authority for such purpose, unless
such inspection is restricted by any law.
(b) A certified copy
referred to in subsection (a) may be admitted in any legal proceedings as
evidence the evidentiary value of which is identical to that of the original
document, and shall constitute conclusive evidence of the fact that the original
document is in the possession of the Securities Authority.
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Inspection at the Securities Authority
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144. The Minister, upon consultation with the
Minister of Finance and with the Securities Authority, may prescribe regulations
for the effecting of the provisions of sections 142 and 143, including
provisions relating to –
(1) electronic filing or
reporting, as defined in section 38, regarding reports submitted by a public
company to the Securities Authority;
(2) fees that are to be
paid for acts and services provided by the Securities Authority.
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Regulations regarding reporting, filing and fees
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145. A public company shall report to the Registrar
only regarding the following matters:
(1) a resolution
regarding change of name as provided in section 31;
(2) change of address of
its registered office as provided in section 123;
(3) merger as provided in
section 317;
(4) its conversion into a
public company as provided in section 343.
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Reporting by public company to Registrar
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