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SourceLaw Dictionary Browse Letter B

Beneficial Owner

Legal definition for Indian law research

Definition

Beneficial owner, See COVENANTS, TITLE FOR, and also s. 76 of the (English) L. P. Act, 1925, replacing s. 7, Conveyancing Act, 1881.

means a person whose name is recorded as such with a depository. [Depositories Act, 1996 (22 of 1996), s. 2 (1) (a)]

Means a person having the right to deal with the shares as his own, Halsbury's Laws of England, Vol. 8(1), 4th Edn., Para 2183, p. 2182; Brookland Selangor Holdings Ltd. v. IRC, (1970) 2 All ER 76: (1970) 1 WLR 429; Baytrust Holdings Ltd. v. IRC, (1971) 3 All ER 76: (1971) 1 WLR 1333; Holmleigh Holdings Ltd. v. IRC, (1958) 37 ATC 406.

Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.

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