Section XVII
Restrictive definition shareholder.
The Joint-stock Companies Act, 1857
About this Act
An Act to make better provision for the order and good government of the Suburbs of Calcutta and of the station of Howrah.
No notice of any trust, express or implied or
constructive, shall of be entered on the Register or be receivable by the Company; and every
person who has accepted any share in a Company registered under this Act, and. whose name is
entered in the Register of shareholders, and no other person (except a subscriber to the
Memorandum of Association in respect of the shares subscribed for by him) shall, for the
purposes of this Act, be deemed to be a shareholder.