|Safeguarding re appointment of nominees|
If you appoint nominee directors and shareholders (our employees can be used for this purposes), then for your protection you will get the following documents:
Every beneficial owner will get an undated Instrument of Transfer of Shares from the respective nominee which can be dated by you at any time and filed at the Registrar of Companies.Â Also, a Trust DeedÂ is signed by the nominee shareholder indicating that he is holding the shares in a trustee capacity and that he has no rights on those shares.
Also, every nominee director provides you with a signed but undated letter of resignation. You can put a date on this letter any time you choose and file the change at the Registrar of Companies thus removing the director. A similar procedure applies for the company secretary.