Common Contracts
1 similar Nominee Shareholder Agreement contracts
Nominee shareholder agreement template singaporeNominee Shareholder Agreement • May 29th, 2021
A designated shareholder, under Singapore law, may be either an individual or a company, who is authorized by the stockholder to intervene. Persons holding shares are not limited to citizens of Singapore, but are also persons with permanent residence, holders of a work card or holders of dependent passports. However, given the experience and consideration of the risks involved, a signed and stamped shareholders` pact alone is not sufficient, even if it contains the candidate`s commitments not to exercise the rights attached to the shares. How many unfortunate beneficiaries can confirm in such agreements, the candidate may decide to violate the agreement. Most of the pitfalls of such an agreement arise from the fact that the nominee is placed in a position of control over the rights related to the actions in question; In addition, the company is not legally required to recognize trust or nomine participation agreements. The nominee shareholder service generally requires a signed declara
