Declaration of beneficial ownership: disclosure and company filing obligations, with penalties and unenforceability for undisclosed charges. Persons named on the register who are not beneficial owners must declare the true beneficial owner in the prescribed form and time; beneficial owners must declare their interest and any change within thirty days. Companies must note such declarations in the register and file a prescribed return with the Registrar within thirty days. Non-compliance by persons or companies attracts daily fines, and undisclosed charges or hypothecations created by ostensible owners are unenforceable by the beneficial owner or claimants through him.