Beneficial owner of a Public Company

Beneficial owner is an individual or natural person who:

1. ultimately owns or control a company through shares in the company; or 
2. control by other means.

Therefore, a corporate entity cannot be named as the beneficial owner of a company.

More information :

1. Guidelines for the Reporting Framework for Beneficial Ownership of Companies
2. Case Studies and Illustrations of the Guidelines for the Reporting Framework for Beneficial Ownership of Companies
3. Electronic Beneficial Ownership System ​(e-BOS)​​
4. Companies (Amendment) Act 2024
5. ​Practice Directive No. 9/2024: Lodgement of Beneficial Ownership Information under the Companies Act 2016 Through e-BOS
6. FAQ Beneficial Ownership​​
7. FAQ Companies (Amendment) Act 2024

Note :

1. ​In determining whether an individual is a beneficial owner, the shares to be considered must be ordinary shares. ​
2. It is possible for a company to have more than 1 beneficial owner.​