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The Joint-stock Companies Act, 1857

XVII. Restrictive definition of shareholder.-

No notice of any trust, express or implied or constructive, shall be entered on the Register or be receivable by the Company; and every person who has accepted any share in a Company registered under this Act, and whose name is entered in the Register of shareholders, and no other person (except a subscriber to the Memorandum of Association in respect of the shares subscribed for by him) shall, for the purposes of this Act, be deemed to be a shareholder.

Joint-Stock Companies Act, 1857 Back

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