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Aug 6th, 2022
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How to Search Nominee Agreement

4.6 out of 5
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into problem so I personally my personal take on this is just like the indonesians law do not use nominee agreement I repeat that again do not use but again I am not in a position to tell you what to do or what not to do Im here only displaying what is what its again all up to you to decide what you want to do ladies and gentlemen this is Louisa Turner from Jakarta today Ive got some hot topic to discuss with you it is nominee agreement yes ladies and gentlemen we will talk about nominee agreement and you are welcome to participate that comment section below this video is for you so drop your thought your opinion your questions if you have any first of all let me introduce myself my name Luisa turnip and I am a corporate lawyer in Indonesia a based in in Jakarta but we also travel around in Indonesias Republic territory so now without further Ado lets dive right into it so nominee agreement is a hot discussion and topic I found it also curious either or not people actually know

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A disadvantage of nominee shareholders is that it involves time and cost to register and maintain details. For the company and the government, it is often difficult to identify the beneficial owner of the shares to be held personally liable for benefits attached to the shares.
What is a nominee company? A nominee is a company that is nominated to hold assets on behalf of another entity. In early stage investing, the nominees role is to hold shares in a company on behalf of the underlying investors in the business.
nominee. n. 1) a person or entity who is requested or named to act for another, such as an agent or trustee. 2) a potential successor to anothers rights under a contract.
An Assignment and Nominee agreement has two parties, the Trustee and the Trustor (also known as the Grantor or Settlor). The Trustee is the person in charge of the trust assets. The Trustor is the person who sets up the trust. Sometimes they are the same person.
A nominee agreement allows one party (the principal) to grant a mandate to another party (the nominee) to act on its behalf.
In real estate matters, the nominee agreement may actually transfer legal ownership of a property to another person. The agreement also states what can be done with the property, and how benefits and responsibilities of that property ownership are to be handled.
What is the functionality of a nominee shareholder? A nominee shareholder has no specific functionality. The only function that he or she or that entity would perform is that its name will appear on the public list of shareholders.
What is a Nominee Agreement? A nominee agreement is an agreement where one person agrees to act on behalf of another person in certain legal matters. A nominee agreement is like a power of attorney but may be broader in scope.

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