Beneficial holding

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 September 2012 a public company has incorporated a wos.It has seven members out of which six are individuals and one is the holding co. The beneficial interest of the shares held by six individuals in the newly incorporated subsidiary were transferred to Holding company and requisite declarations in form for filing filing form 22b was obtained.

my doubt is
1. whether this transfer of beneficial interest should be accompanied by a transfer form?
2. should this transfer be adopteed in a Board meeting?

03 October 2012 Hi

Whether such company comply the minimum number of seven shareholder criteria or not.If it maintained then it may be possible.


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