Difference between revisions of "Beneficiary"
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| − | A '''Beneficiary''' is a holder of only [[Investor Shares]] listed in the IN01 form at the time of incorporation, or an identifiable group of people defined in the [[Company Objects]] as the principal beneficiary of the organisation's provision of goods and services. | + | A '''Beneficiary''' is a holder of only [[Investor Shares]] listed in the IN01 form at the time of incorporation, or an identifiable group of people defined in the [[Company Objects]] as the principal beneficiary of the organisation's provision of goods and services. It is also a company, charity or society listed in Clause 54 as a beneficiary of the community dividend. |
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Return to the [[FairShares Glossary]] | Return to the [[FairShares Glossary]] | ||
Revision as of 07:41, 9 February 2014
A Beneficiary is a holder of only Investor Shares listed in the IN01 form at the time of incorporation, or an identifiable group of people defined in the Company Objects as the principal beneficiary of the organisation's provision of goods and services. It is also a company, charity or society listed in Clause 54 as a beneficiary of the community dividend.
Return to the FairShares Glossary
