n Without Prejudice - Lifting the ownership veil : company law
|Article Title||Lifting the ownership veil : company law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Feb 2009|
|Pages||14 - 16|
For decades South Africans have used nominee shareholders to hold their shares in companies to ensure their holdings remain 'off the radar'. At common law it is quite permissible for the registered holder of a share(s) to do so as an agent (or nominee) for the owner or beneficial shareholder of those shares.
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