Entity Ownership Structure Clause Samples
The Entity Ownership Structure clause defines how ownership interests in a business entity are distributed among its stakeholders. It typically outlines the percentage of ownership each party holds, the types of ownership (such as shares or membership interests), and any special rights or restrictions attached to those interests. By clearly specifying who owns what portion of the entity, this clause ensures transparency, helps prevent disputes over control or profit distribution, and provides a foundation for decision-making and future transactions involving the entity.
Entity Ownership Structure. Please provide information about the ownership structure of the applicant entity. Please tick as appropriate.
i. Natural person(s) owns/controls 25% or more of the applicant entity's shares or voting rights: No (Please continue to ii) Yes (Please complete all section 4 to 8) ii Natural person(s) who controls the entity through other means e.g. through Power of Attorney (POA) or agreement Please enclose supporting document as documentary proof of control by natural person through legal means. No (Please continue to iii) Yes (Please complete all section 4 to 8) iii Natural person(s) who holds senior managing positions of the entity e.g. CEO, Authorised Signer Please tick to confirm and skip to section 8 Title First Name: Last Name: Residential Address City Country Telephone Number Nationality National ID/ Passport Number % Ownership of the Entity Have you ever been employed by the government? (Month and Year) Time of cessation Position No Yes, Agency Name Date of Birth: Postcode: Other Ms Mrs Mr
Entity Ownership Structure. Please provide information about the ownership structure of the applicant entity. Please tick as appropriate.
i. Natural person(s) owns/controls 25% or more of the applicant entity's shares or voting rights: No (Please skip to section 9) Yes (Please complete all sections 5 to 9)
ii. Natural person(s) who ultimately controls the entity has lesser than 25% of ownership interest or voting rights. However, there is a natural person who exercises control of the (company name ) (the “Applying Entity”) through other legal means. Please enclose supporting document as documentary proof of control by natural person through legal means. No (Please continue to ii) Yes (Please complete all sections 5 to 9)
iii. Natural person(s) who ultimately controls the entity has lesser than 25% of ownership interest or voting rights and there is no other natural person who exercises the control of the entity through other legal means. The identity of the relevant natural person who holds the position of senior managing official (same as the authorised signers provided in the Account Opener form) is used for verification. Please tick to confirm and skip to section 9 Title First Name: Last Name: Residential Address City Country Telephone Number Nationality National ID/ Passport Number Mr Mrs Ms Other Postcode: Date of Birth: % Ownership of the Entity