STUART THEOBALD: Is a radical shift in transparency on companies near?

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STUART THEOBALD: Is a radical shift in transparency on companies near?
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Proposed law requires companies file share registers to the companies commission, who must make it available

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Is a radical shift in transparency on the beneficial owners of companies and trusts on the way?

A bill before parliament will make it a requirement that companies file their share registers and the people who have a beneficial interest in those shares to the Companies and Intellectual Property Commission . The CIPC must then make this information available to any person “as prescribed”. A similar amendment is slated for the Trust Property Control Act to disclose beneficial owners of trusts...

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rationalhill But for a long time anybody has had access to the share registers of any company by simply asking the company.

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