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Gov’t agrees to scrap ‘bearer shares’

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The government has proposed clamping down on anonymous ownership of companies through the controversial use of “bearer shares”; if signed into law, the draft proposal agreed by the cabinet yesterday would require the beneficial owners of firms to register them with the stock exchange or financial offices. According to a report by ČEKIA, as of the end of 2011, the true ownership of more than half of all joint stock companies in the country was masked through bearer stock.

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