Beneficial Ownership Amendments Understanding
The Companies Amendment Act 2017 only requires
companies limited by shares to provide beneficial
ownership information. All other types of companies
are NOT required to file beneficial ownership
information.
Except in in the
instance of the
Form 9 that
notifies the COJ of
new allotments of
shares
Companies limited
by shares have to
provide beneficial
ownership
information on the
Form 1A and the
19A
There is no
requirement for
companies to give
the COJ notice of
changes in
membership and
beneficial ownership
information.
The COJ does not
currently verify the
beneficial
ownership
information
provided by
companies, it
merely accepts it
as is.
The beneficial
ownership
information
collected
currently is name,
address,
occupation and
nationality of the
beneficial owner.View entire presentation