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Benefiiciary Shares

This query is : Resolved 
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(Querist)
30 December 2009 A foreign company after acquiring 100% share holding of an Indian company can nominate to any person as registered shareholders in order to fulfill the requirements of the companies Act for Two Members..
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Rasesh

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Rasesh (Expert)
30 December 2009 The company should transfer 1 share to any one person (individual) who would only be the registered member without holding beneficiary rights. Then, comply with the procedure for declaration of beneficiary interest in favour of the foreign company.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
31 December 2009 Reference is also invited to section 187C(1) and (2) of the Companies Act,1956.
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