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Automotive Skills Development CouncilQUALIFICATIONS PACK OCCUPATIONAL STANDARDS FOR AUTOMOTIVE INDUSTRYContents 1. Introduction and Contacts..... P.1 2. Qualifications Pack......... P.2 3. Glossary
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Nos units refer to Notification of Substantial Shareholding units. These are units that need to be filed with regulatory authorities when an individual or entity has acquired a significant portion of a company's shares.
Any individual or entity that acquires a substantial portion of a company's shares is required to file nos units.
Nos units can be filled out online on the regulatory authority's website or through a paper form that must be submitted by mail.
The purpose of nos units is to provide transparency in shareholding activities and to prevent market manipulation or insider trading.
Information such as the shareholder's name, the number of shares acquired, the percentage of ownership, and any relevant details about the transaction must be reported on nos units.
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