deemed dividend 2 22 e
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 January 2011
In order to avoid the concept of deemed dividend we have advised to one of our client to revise the shareholding pattern of the company in such manner that director who gets the advance from the company reduces their holding below 10% of total share capital.
for this director has to transfer their shares to their minor child.
My question is whether while determining the shareholding of director whether the shareholding of minor child will clubbed or not.
for this director has to transfer their shares to their minor child.
My question is whether while determining the shareholding of director whether the shareholding of minor child will clubbed or not.
Ajay Mishra
(Expert)
05 January 2011
Hi
Director will be authorised representative of minor and miner will be consider as member. Director will not be consider for share transfered to minor for shareholding purpose.
Regards
Director will be authorised representative of minor and miner will be consider as member. Director will not be consider for share transfered to minor for shareholding purpose.
Regards
Ajay Mishra
(Expert)
05 January 2011
Hi
For details on minor shareholding read Chartered Secretary of December issue, published by ICSI.
Regards
For details on minor shareholding read Chartered Secretary of December issue, published by ICSI.
Regards
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
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Movement of goods by packers and movers - type of sale - Reg.
- Missed uploading GST Invoice
- Gratuity paid to legal heir above 20 lakh is taxable or not
- ARCA LOGIN
- RCM and same line
- Closer of business and itc of capital goods
- Appointment of Auditor By Form ADT-1
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
