registered security

registered security

Registered securities has special registration, in the text of the paper reported the name of its owner and thus is inextricably tied him with security. Also, these securities can be recorded in a special register of the owners, under the law he can only be in electronic (not документарном) form. To allow the transition of the rights to the inscribed securities, this will require the obligatory identification of the owner.
N valuable paper - Properties
In contrast to a bearer security inscribed paper has important properties:
always know who is its owner;
all transactions with such paper is usually subject to registration, fixation;
she is available for taxation;
What are the reasons for its issue
The securities market is already quite developed, so there is a tendency of increase in the issue of registered securities, as on the one hand are interested in this, those who released them, because it allows to exercise control over the transfer of all property rights, on the other hand the state, as it is, thus, increasing the tax base. At the same time and the state, and those who issue the securities, in itself, a form of nominal paper is of particular importance. The main topic in the end, and resulted mainly nominal securities to placement in a non-documentary form.
In certain situations предъявительская security, too, can become registered. This is due to the fact that such securities, for example, be kept in commercial banks, and turn to representatives of the owners of these securities. In the described conditions, предъявительская paper, was put on Deposit in the Bank specific owner, which has concluded with the Bank the agreement, and therefore from the point of view of legal relations, in fact, she looked up to the name.
A non-documentary security is always a n paper, since the in-memory register it at a certain physical or legal person.
A registered security - Especially the treatment of
In contrast to a bearer security transfer of nominal carried out by assignment of the claim, i.e. either through unilateral orders from its owner, or an endorsement, or through the conclusion of a bilateral deal (cession).
Registered share and its movement is reflected in the book of registration of securities, which see the joint-stock company. This book captures all the data on each issued shares. In the articles of Association may contain requirements that are a special procedure for the transfer of registered shares, therefore, the possibilities of the owner may be somewhat limited. For example, with the consent of the company's management Board or the General meeting. But in this case, the owner of the registered shares may replace it on предъявительскую share, freedom of purchase and sale which basically anything is not limited.

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