Beneficial Ownership Regulations Passed The European Union (Anti-Money Laundering: Beneficial Ownership of Corporate Entities) Regulations 2019 (the “2019 Regulations”) were passed on 22nd March 2019. The 2016 Regulations that came into force on 15 November 2016 have been revoked and replaced by the 2019 Regulations. Key Features of the Regulations The Regulations require corporate or
Posts Tagged: Shareholder
All companies are required to have at least one member and depending on the company type, they may also hold shares in the company.
Are you a new start up or setting up a new company? If so setting up a company is the first and important step. Getting the company set up quickly but more importantly correctly will ensure you are on the right step to running your new business. We are experienced chartered secretaries and have all
Privacy is often important to individuals and they may often not want to be seen as the registered shareholder. There a many reasons why they may require a shareholder to be held on their behalf.
A company that is considering purchasing the trade may wish to just purchase the trade Instead of transferring the shares in the target company to the acquiring company.
A company may allot new shares to the existing shareholders or to a third party. These shares can be from the existing share class or by creating a new share class.
All Corporate and legal entities required to maintain a register of beneficial owners detailing all persons owning or controlling more than 25% of the shares or voting rights. This information must be filed online to central register maintained by the Companies Registration Office. This requirement has not yet commenced and is due to be commenced
In recent months we have seen a number of high profile companies such as Petroceltic and Petroneft at which resolutions have been put forward by shareholders to remove directors from the board. We have also seen a noticeable increase in queries and engagements to remove directors from SME companies. There are various reasons for this