Beneficial Ownership Amendments Understanding

The Companies Amendment Act 2017 further requires the following information from companies registered under the Companies Act: In identifying the beneficial owner of a company, the threshold is set at 50% or more interest in the company. Requirement to state who is the beneficial owner of the company and shares issued. No explicit sanction for not stating beneficial ownership information. Only an implied sanction of non-registration of company and company documents. Abolition of bearer shares

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