The Law Dictionary

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NOMINEE SHAREHOLDING Definition & Legal Meaning

Law dictionary entry - legal definition of embargo

Definition & Citations:

Stocks that are purchased under the name of the nominee, who acts as holder for the actual owner. An individual with over five percent stake in a publicly listed company is expected to disclose his or her identity. However, under nominee shareholding, this does not apply and as such the tax liability and reporting requirement are unchanged for the actual owner.


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