Form with which a corporation may alter the amount of outstanding shares issued by the corporation.
Change Shares To Beneficially Held In Fulton
State:
Multi-State
County:
Fulton
Control #:
US-0034-CR
Format:
Word;
Rich Text
Instant download
Description
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FAQ
Where any change occurs in the beneficial interest in such shares, the registered owner and the beneficial owner shall, within a period of 30 days from the date of such change, make a declaration to the company in MGT-4 and MGT-5, respectively in duplicate.
A trustee holds these for another entity, such as a person or company. This means that they do not hold the shares or benefit from it themselves. This means they won't receive any direct benefits from the shares.
“Beneficially held” means the shareholder gets the direct benefit of owning the shares. “Non-beneficially” held means that the shareholder is holding the share "as trustee for" or "in trust for" a second entity such as a Trust, a company or another individual.
