15 January 2013

Mauritius: Disclosure of nominee shareholding in share register

The Companies Act 2001 has been amended to introduce the requirement for information to be maintained in the share register to indicate the person on whose behalf any legal owner holds his interest or shares in any company or body corporate.

The share register must henceforth state, where the shares are held by a nominee, the names in alphabetical order and the last known addresses of the persons giving to the shareholder instructions to exercise a right in relation to a share either directly or through the agency of one or more persons.

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