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  [ Mandate ]
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The bureaucratic and administrative procedures for transferring registration of the assets to a trust company differ from case to case. By limiting the field to more frequent transactions, such as registration of shares or units, we may highlight four procedures:


Direct registration
The owner gives the trust company a mandate to register his shares or units in its name:
In the case of a public company this takes place by endorsing the share certificate and having it authenticated by a finance company, notary public or stockbroker.
In case of a limited liability company, in order for the trust company to appear in the share register, the units must be transferred by a notary deed.

Acquisition by Third Parties
Acquisition by third parties takes place according to the normal procedure: Using means provided beforehand by the settlor, the trust company acquires the assets in its name on behalf of the same settlor.

Formation of Company
In case of a new company, the trust company appears as a shareholder from the start taking part in the deed of incorporation and signing it on behalf of the settlor using financial means the settlor provided beforehand.

Subscription of Capital Increases

In the same way the trust company subscribes to a capital increase on behalf of the settlor following specific instructions and using financial means provided beforehand.



For information
  Carini S.p.A. – Administrative Trust and Auditing Company
Foro Buonaparte, 68 ~ 20121 Milan Italy ~ Tel +39 02 86 25 32 - Fax + 39 02 86 25 07
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