Many a time you are confronted with a situation where the named members of a company are different from its substantive beneficial owners. Beneficial ownership is one of the inroads of the Companies Act, 2019 (Act 992) (the “Act”). Who then is a Beneficial owner? The...
The Insurance Act, 2021 (Act 1061) has repealed the Insurance Act, 2006 (Act 724). This enactment now serves as the legal instrument for the regulation and supervision of the insurance market.[1] The Act has been welcomed as timely due to the current state of the...
Property can be transferred from one person to another in different ways, one of which is through a trust. Trust is a concept by which one person (called “the trustee”) is nominated by another person (called “the settlor”) to hold the legal title in his...