Set index in the Nominee Agreement

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How to Set index in the Nominee Agreement

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here were going to look at the notion of an indexing set and intersections and unions over indexed sets so lets look at the definition so we want to start with i where that is any set and i really mean any set here there are some usually standard choices for indexing sets but you can really take it to be arbitrary but the one rule that you need is that for all little i and capital i we can produce some set a sub i and then we wanted to find the union over all of these sets and the intersection over all of these sets so the union over the ai as i runs from this whole indexing set capital i so thats going to be everything x that satisfies this rule so x is in aj for at least one j and i so you can think of this at for at least one statement as being like an or statement and then next the intersection of the a i over this indexing set is all x that satisfy this rule so x is in aj for all j and i so here you can think about this for all as like an and statement if you want to relate th

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How do I set up a nominee company?

Nominee structure enables founders to discreetly build their Protecting positions. Nominee company structure: declaration of trust. Registration on the PSC register. Beneficial but not legal or registered share owners. Share capital. Share reclassification. Bespoke articles of association.

What is the role of a nominee shareholder?

A nominee shareholder may be an individual or a body corporate. Brokers adopt the practice of creating a company to act as a nominee shareholder to ease the administration of buying and selling holdings on behalf of their clients. For further guidance, see Practice note, Membership of a company.

What does nominee mean in agreement?

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.

What does it mean to be a nominee shareholder?

The registered owner of shares held for the benefit of another person (the beneficial owner). The beneficial owner may choose to appoint a nominee because it does not wish to have the shares registered in its own name, or it may be required to appoint a nominee.

Who are the parties to a nominee agreement?

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.

What is the disadvantage of nominee shareholder?

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.

Are nominee shareholders legal?

On behalf of the actual shareholder, a nominee shareholder only acts as a legal, unrelated, third party who is officially registered as the holder of shares. This shields the actual share owner from being associated with a particular company publicly.

What powers does a nominee shareholder have?

On the death of a shareholder, shares are transferred to nominee shareholders. He will have all rights as original shareholders. They are a trustee for the legal heirs of a deceased shareholder. They cannot have ownership of shares until it is written into the will of deceased shareholders.

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