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Senator Joel Villanueva has filed a resolution asking the Senate committee on public information to launch an inquiry into the disclosure of beneficial ownership of mining companies operating in the country.
Senator Joel Villanueva filed a resolution calling for an inquiry regarding the disclosure of beneficial ownership of mining companies operating in the country.
Disclosing beneficial ownership is one of the few ways to prevent the loss of natural resource revenues and to mitigate--if not prevent--the resource curse.
Pursuant to the Amendment to the Rights Agreement, the existing terms were modified by reducing the beneficial ownership threshold of the company's common stock to 10%, for triggering the rights plan.
Yet EITI standards form a live organism, constantly adapting to developments around the world-- one such development is that of beneficial ownership.
ISLAMABAD, September 14, 2009 (Balochistan Times): The Securities and Exchange Commission of Pakistan has directed all listed companies, their directors and more than ten percent shareholders to file their outstanding Annual Return on Form-A and Returns of Beneficial Ownership respectively by October 31, 2009.
If the taxpayer is an SEC registrant, the SEC filing rules generally will require any person who acquires more than 5% of the beneficial ownership of stock to file an SEC Schedule 13D, Statement of Beneficial Ownership, or 13G, Short Form Statement of Beneficial Ownership, as appropriate.
The changes in respect of beneficial ownership will permit a tax-free transfer of eligible assets between corporations where the ownership of the two may be held by different entities in the same group.
The Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (FRB), and the Office of the Comptroller of the Currency (OCC) announced on July 28, 2003, a new interagency electronic filing system that will allow faster and easier submission and public retrieval of beneficial ownership reports filed by directors, officers, and principal shareholders of institutions (insiders) whose equity securities are registered with the FDIC, the FRB, and the OCC.
The deadlines for filing the reports--which include SEC Forms 3, Initial Statement of Beneficial Ownership of Securities; 4, Statement of Changes in Beneficial Ownership of Securities; and 5, Annual Statement of Beneficial Ownership of Securities--vary according to criteria specified in SEC rules related to the Securities and Exchange Act of 1934 (www.
Under the terms of the agreement, each share of beneficial ownership in ATEBT outstanding on the effective date of the merger, November 14, 2000, was converted into 1.
01 per share ("Shares"), representing beneficial ownership of approximately 6.