187C
This query is : Resolved
11 April 2011
Can any one tell me the legal requirement and procedure required in the followin situation:
1. My Co. is a Whooly owned subsy of a listed Co. now listed co wants disinves its holding(Listed Co. hold 9999 & One Share through its nominee)to Two group Cos equally.
2. Change in beneficial ownership is taking place here we have to require make any disclosure under sec 187C?
Thanks in advance
1. My Co. is a Whooly owned subsy of a listed Co. now listed co wants disinves its holding(Listed Co. hold 9999 & One Share through its nominee)to Two group Cos equally.
2. Change in beneficial ownership is taking place here we have to require make any disclosure under sec 187C?
Thanks in advance
12 April 2011
Yes...within 30 days from the date of change in beneficial owners, the Listed Company is required to give a declaration under section 187C(3) to the Company and the Company is required to intimate the same to the ROC in prescribed form within 30 days from the date of receipt of declaration.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Building and other construction workers welfare cess act 1996
- Eway bill for machinery reparing
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Bank Accounts in Balance Sheet for ITR 3
- Gift of mutual fund units to daughter
- Annual return of gst limit
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Reporting of STCG on Property in ITR
- Error while filling exam form November 2026
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
