What the document covers
The interpretation explains holding shares through a trustee or governing-body member rather than in the society's own name. It distinguishes the society's interest from the registered holder.
Specific requirements and implications
The interpretation treats shares as movable property under the Societies Act. A trustee may be either an individual or a corporation, while another permitted route is registration in a governing-body member's name. The society should also check its constitution or by-laws for restrictions on how property is held. The point is to identify the correct legal holder in the company records, rather than listing the society itself as shareholder.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
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