Information about shareholders will become accessible by the general public

13.11.2014 Information about shareholders will become accessible by the general public

After the information system of participants in legal entities (JADIS) started to operate in August 2014, data about participants in legal entities became accessible only by state institutions and authorities entitled to receive such information, as well as by persons, who have such a right prescribed by legal acts.

After amendments to the Regulations of JADIS made by an order of the Minister of Justice of the Republic of Lithuania on 3 November 2014, starting from 1 January 2015 any natural persons and legal entities will have access to the following data:

  • data about shareholders of any private limited liability company (i.e. first name and surname of a natural person, code and name of a legal entity, the date of becoming a shareholder); 
  • data about members of a small partnership (i.e. first name and surname of a member, the date on which a person became a member of a small partnership).

Commentary by attorney-at-law Renata Damanskytė from TGS Baltic:
Please note that not all JADIS data about shareholders will become public. JADIS will not provide information about the number of shares held by the shareholders, will not indicate personal ID number of a natural person who is a participant in a legal entity (shareholder, member of a small partnership). According to the current regulation of provision of information, it seems that JADIS still will not provide information to natural persons and legal entities (except for those who have such a right prescribed by law) according to the request to identify in which legal entities a relevant person participates, i.e. it will be necessary to specify among participants of which legal entities such information is to be searched for.

More information (in Lithuanian) is available here:
Amendments to the Regulations of the information system of participants in legal entities (JADIS)