Legal Regulation and Public Policy
Chapter 6: Obligations associated with share ownership
It is sometimes overlooked that shareholders are subject to legal obligations. Although shareholders benefit from the facility of limited liability to reduce the risk of financial exposure, that does not mean that they are obligation free. In the context of obligations owed to the company, the position with regard to shareholder calls is noted. Obligations owed to other shareholders are discussed. The new transparency obligations with regard to the disclosure of interests in shares, the use of share freezing devices and the particular regime introduced recently with regard to the PSC register are analysed.
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