Prohibition on notice of trust prevents inquiry into beneficial ownership, so private companies need not seek nominees' real-owner details. A shareholding company must notify changes in its individual and corporate shareholders so recipient companies can assess membership composition. A statutory prohibition on entering any notice of trust on the register of members prevents recording beneficial ownership information; consequently a private company need not require the shareholding company to disclose underlying real owners or solicit additional particulars beyond the notified membership.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Prohibition on notice of trust prevents inquiry into beneficial ownership, so private companies need not seek nominees' real-owner details.
A shareholding company must notify changes in its individual and corporate shareholders so recipient companies can assess membership composition. A statutory prohibition on entering any notice of trust on the register of members prevents recording beneficial ownership information; consequently a private company need not require the shareholding company to disclose underlying real owners or solicit additional particulars beyond the notified membership.
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