[(1) An election may be made under this section in respect of a register of directors or a register of directors' residential addresses (or both).
(2) The election may be made—
(a) by the subscribers wishing to form a private company under this Act, or
(b) by the private company itself once it is formed and registered.
(3) The election is made by giving notice of election to the registrar.
(4) If the notice is given by subscribers wishing to form a private company, it must be given when the
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