That is correct. In the eyes of the law, if you have a Nominee shareholder, then you are not legally the owner of the company.
In the case of dor (who started this thread), if he is not the Director or the Shareholder, then he does NOT have anything to sell.
Similarly, if you have a bank account where the Nominee Director/Shareholder is the signatory to the account, then the︀ Nominee Director/Shareholder is (legally) the owner of the account.
In the case of dor (who started this thread), if he is not the Director or the Shareholder, then he does NOT have anything to sell.
Similarly, if you have a bank account where the Nominee Director/Shareholder is the signatory to the account, then the︀ Nominee Director/Shareholder is (legally) the owner of the account.