Ultimate Beneficial Owner definition

Ultimate Beneficial Owner means the individual that ultimately derives the benefits of ownership or control of a body corporate;

Ultimate Beneficial Owner means an individual who (i) directly or indirectly controls more than 10% of the shares of the company; or (ii) directly or indirectly controls more than 10% of the voting rights of the company; or (iii) has the right to appoint a majority of the board of directors.

Ultimate Beneficial Owner means each individual who ultimately owns or controls, directly or indirectly and legally or neneficially, shares, capital, a right to profits or voting rights of the Applicant or any individual who otherwise exercises control over the management of the Applicant.

Examples of Ultimate Beneficial Owner in a sentence

• Ultimate Beneficial Owner:- Pursuant to guidelines on identification of Beneficial Ownership issued vide SEBI circular no.

• If more than one natural person please complete separate Ultimate Beneficial Owner form, available on the Sanne webpage.Please select the appropriate option below in accordance with the role of the individual for whom this section is being completed.

• Ultimate Beneficial Owner: - Pursuant to guidelines on identification of Beneficial Ownership issued vide SEBI circular no.

• In other cases, the Intermediary must provide the full identification documentation relating to the Account Holder and/or the Ultimate Beneficial Owner (as the case may be) as per applicable laws and regulations or defined by any other competent body or authority in the Grand Duchy of Luxembourg.

• We can also do so if you or the Ultimate Beneficial Owner (UBO) is included on a sanctions list or fails to comply with (internal) policy rules, or if you do not cooperate with proper implementation of the pension scheme.

More Definitions of Ultimate Beneficial Owner

Ultimate Beneficial Owner or “Beneficial Owner” means the natural person who owns or exercises effective ultimate control, directly or indirectly, over a customer or the natural person on whose behalf a transaction is being conducted or, the natural person who exercises effective ultimate control over a legal person or Legal arrangement.

Ultimate Beneficial Owner means the person who:

Ultimate Beneficial Owner in relation to the Supplier or the Supplier’s subcontractor, refers to a natural person who owns or controls the Supplier or the Supplier’s subcontractor, whether through direct or indirect ownership and control, or to a natural person who exercises ultimate effective control over the management of the Supplier or the Supplier’s subcontractor.

Ultimate Beneficial Owner. UBO”)" means in respect of a Juristic Person, a natural person who independently or together with another natural person, directly or indirectly:·

Ultimate Beneficial Owner means a natural person who ultimately owns or controls a foreign company, whether directly or indirectly, through at least 25% of shares or voting rights or by exercising effective control in that company through other means. ‘Control through other means’ may be exercised through a chain of ownership or through close relatives or associates having significant influence or control over the finances or decisions of the foreign company.

Ultimate Beneficial Owner means the natural person or persons who are the ultimate beneficial owners of the shares and who ultimately own, control or influence and includes a person who exercises ultimate effective control over a legal person or arrangement.

Ultimate Beneficial Owner. - means the natural person(s) who ultimately owns or controls the company owning the yacht.