https://www.taxtmi.com/caselaws?id=96889 Where shares are registered in one name but beneficially held by another, the company must treat the registered holder as the member for entitlement and liability; the register and the articles preclude entering trust notices and restrict liability to the name on the register, so unpaid calls and contributory liabilities lie against the registered holder alone. Equitable beneficial ownership does not bind the company nor expose the beneficial owner to liability unless the company, having notice of the equitable interest, deals with the shares in a way that affects third party rights or substitutes the transferee on the register. en-us Fri, 19 Feb 1943 00:00:00 +0630 Wed, 11 Jan 2012 18:16:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96889 Where shares are registered in one name but beneficially held by another, the company must treat the registered holder as the member for entitlement and liability; the register and the articles preclude entering trust notices and restrict liability to the name on the register, so unpaid calls and contributory liabilities lie against the registered holder alone. Equitable beneficial ownership does not bind the company nor expose the beneficial owner to liability unless the company, having notice of the equitable interest, deals with the shares in a way that affects third party rights or substitutes the transferee on the register. Case-Laws Companies Law Fri, 19 Feb 1943 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=96889