Once the appointment agreement and appointment agreement have been reached, it is the responsibility of the designated party to act on behalf of the designated party to perform tasks, including day-to-day activities, legal matters, financial agreements for communication, management and purchase of resources. Join countless entrepreneurs who have experienced the benefit of Cekindo`s Vietnam-only naming service. Our nominee arrangement service eliminates headaches and red tape when buying and selling shares. Contact Cekindo for more information if you are interested in using The Nominating Agreement Services in Indonesia. Whether you need a professional director or a professional shareholder, our experts can arrange it for you. This declaration of confidence should be used when a designated shareholder, who is the registered owner of shares, holds shares for the benefit of another person (the economic beneficiary). An economic beneficiary may nominate a candidate under a company`s participation agreements because he does not want his name on the share register, or he must nominate a candidate, for example. B by the company`s statutes. The shares are legally owned by the nominee company and the investor is the economic beneficiary of the stock, with all rights to the shares. Although widely used by many organizations in Indonesia, the Nominee agreement is still not preferred by the government under Indonesia`s investment law. Therefore, those who are registered in the statutes of a limited liability company are both beneficiaries and legitimate owners. There is no difference between the two. (iv) do not permit the creation of a securities interest or the existence of a security interest in securities, including, but not limited, to conversion and pre-emption rights, on, above or affecting securities, and not to enter into an agreement or agreement to give or create such security interest.
For the purposes of this clause 8(a) (iv), “security interest” means any option, mortgage, commission (fixed or variable), pawn, pawn, mortgage, mortgage, transfer, guarantee, interest, property reserve or any other charge of any kind that secures or pays priority to payment over an obligation of a person or a contractual right on shares or assets or liabilities. Under a Nominee agreement, the beneficial owner designates a professional shareholder if he does not wish to register the shares under his or her own name. This nominative agreement (“agreement”) is from the date shown on the first page, but with retroactive effect to January 1, 2018 (“Date of effect”) and is from and under: There are advantages for a nominated structure. It concentrates the flow of communication between investors and the companies in which they have invested, leading to a faster and more efficient process. A nominee structure will often benefit both investors and businesses.