8% stake in MMC Norilsk Nickel, announces that is has received a Letter from Crispian Investments Limited, the
beneficial owner of which is Mr Roman Abramovich, with respect to shares of MMC Norilsk Nickel.
A statement of the SECP issued here on Monday said that Pursuant to Section 224(1) of the Companies Ordinance, the
beneficial owner who makes such gain is required to surrender the amount of the gain to the company and the amount of tenderable gain is calculated in the manner provided in Rule 16 of the 1985 Companies General Provisions and Forms Rules.
The direct or indirect
beneficial owner of more than 10% of any class of a registered equity security;
These shell companies, which are incorporated in such offshore jurisdictions as the Bahamas, the British Virgin Islands, the Cayman Islands, the Netherlands Antilles, and countries in the South Pacific, such as the Cook Islands, Fiji, Nauru, and Vanuatu, are formed to hold the customer's assets, as well as offer confidentiality because the company, rather than the
beneficial owner of the assets, becomes the account holder at the private bank.
mail the notice directly to each
beneficial owner identified to the issuer or registrar.
holder,
beneficial owner, prospective investor or analyst) to:
One provision requires that the Department of Defense (DoD) determine the
beneficial owner of high security leased space in buildings that it rents.
A payor can treat a person as foreign if the payor can reliably associate the payment with documentation that establishes that the person is the
beneficial owner of the income or a foreign payee.
Form W-8BEN, Certificate of Foreign Status of
Beneficial Owner for U.
The 5% rate for direct investment dividends is retained and applies if the
beneficial owner is a company (other than a partnership) that directly holds at least 10% of the payer's voting stock.
Dividends: Rate on direct investment dividends remains 5%; however, such rate will now be available when the
beneficial owner is a company that owns 10% of the voting stock of the company paying the dividend and the payer is not a RIC, REIT or French SICAV.
By arrangement with the
beneficial owners, intermediaries frequently hold securities in a
beneficial owner's account in their own names (i.
