Beneficial Ownership Amendments Understanding slide image

Beneficial Ownership Amendments Understanding

It is possible to have multiple beneficial owners When applying the cascading. test, it is possible that several persons may qualify as the beneficial owner of the company. beneficial owner #1 30% Beneficial owner of corporate shareholder EXAMPLE 1 20% 30% 20% beneficial owner #2 The example to the right is most applicable in a company limited by shares. Company being Incorporated
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