nominee shareholding definition

nominee shareholding

Stock (shares) purchased through a nominee (attorney, bank, broker, etc.) whose name appears as the registered owner of the shares (instead of the name of their actual or beneficial owner). In most jurisdictions, however, anyone owning a certain percentage (typically five percent) of a public company must disclose his or her identity. Nominee shareholding does not change the tax liability and reporting requirements of the beneficial owner.

nominee shareholding is in the Banking, Commerce & Finance, Investing and Securities & Futures Trading subjects.

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