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25/06/21
13:53
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Originally posted by 1Surgeon:
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I am interested in who told you the company had put in paper work to find who the seller is. if it's a director of the company then I am worried. Firstly they should have known months ago and secondly and more importantly the share registry works for the company. A director can call them any time and order a file of movements and get it the same day for any period of time they choose. Any company shareholder can apply to the board under the Corporations Act 2001 to obtain access to the company share register. It could be under 247A of the Act, which also gives shareholders the right to access the financial accounts. public companies are owned by the shareholders. They have the right to check the records of the company they own no matter what size their shareholding is.
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The situation is slightly more complicated when lifting the veil on a nominee or custodian.