Q&As

Preventing Respondent from Applying for Final Order

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Published on: 28 August 2015

Are there any specific requirements for execution of a share subscription agreement by a corporate nominee shareholder?

There are no specific legal requirements in relation to execution by nominee shareholders. However, in the case of a corporate nominee, it should execute the agreement in accordance with the Companies Act 2006 requirements for execution of contracts by companies. For further details see Practice Note: Executing deeds and simple contracts and Precedent: Execution clause—company—contract

In addition, the relationship between a nominee and the beneficial owner is often evidenced and governed by a declaration

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Key definition:
Requirements definition
What does Requirements mean?

A DCO should include “Requirements” to which the development authorised by the DCO is to be subject. Similar to planning conditions, a requirement specifies the matters for which detailed approval needs to be obtained before the development can be lawfully begin.

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