(1)
Every company shall keep a register of directors’ residential addresses.
(2)
The register shall state the usual residential address of each of the company’s directors.
(3)
If a director’s usual residential address is the same as the service address (as stated in the company’s register of directors), the register of directors’ residential addresses need only contain an entry to that effect provided the service address is not the company’s registered office.
(4)
If default is made in complying with this section, the company and each officer of the company are each liable to a penalty in such amount as the Commission shall specify in its regulations.