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Structural division: books › party › SECTION THREE
Article 361 — Investigation Regarding Nominees
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
1/ Where the Ministry of Trade and Industry or a relevant government authority has good reason to believe that registered shareholders are only nominees of other persons who exercise effective control of a company and derive benefits from that, the authority may appoint inspectors to ascertain the real owners of the shares.
2/ The Ministry of Trade and Industry or relevant government authority may order an investigation under Sub-Article
(1) of this Article at the request of shareholders representing ten percent of the capital.