Use It For
Use this for the distinction between contractual investment entitlement and recognition as a shareholder against the company and other shareholders.
Brief English Introduction
The case recognizes the internal validity of a dormant-investor/nominee arrangement but treats the move from investment entitlement to registered shareholder status as functionally similar to an equity transfer requiring other-shareholder consent.
Teaching Notes
It is a useful bridge from Interpretation III to current disputes over whether the shareholder register, commercial registration, contract, contribution, or actual exercise of rights should control.