An indirect shareholder owns shares through an intermediary or another entity rather than holding shares directly under their own name. This often occurs in scenarios involving nominee shareholding, where the shares are held by a nominee on behalf of the actual investor.
A nominee is a person named by another (the nominator) to act on his or her behalf, often to conceal the identity of the nominator. This concept is frequently used in various financial and legal contexts, particularly in nominee shareholding.
A shareholding practice where shares are held in the name of a bank, stockbroker, company, or individual, rather than the beneficial owner, primarily to facilitate dealing or conceal the owner's identity.
