Help required in case of section 187C and Form 22B - with re
This query is : Resolved
08 October 2010
Hi,
I have a query in relation to section 187C and Form 22B - with reference to Companies (Amendment) Act, 2000 and the below mentioned rules.
In ‘The Companies (Declaration of Beneficial Interest in Shares) Rules, 1975, there is a note given that Provisions of section 187C have become redundant on and after the commencement of the Companies (Amendment) Act, 2000.
However, amendment made to section 187C by the Companies (Amendment) Act, 2000, says only about trustees.
Thus if a shareholder is only a nominee shareholder, made just with an intention of complying with the minimum membership requirements, then is it still mandatory to receive declaration from such members? Is the company required for file form 22B?
Kindly answer as soon as possible.
Regards
Rupesh Gujarathi
I have a query in relation to section 187C and Form 22B - with reference to Companies (Amendment) Act, 2000 and the below mentioned rules.
In ‘The Companies (Declaration of Beneficial Interest in Shares) Rules, 1975, there is a note given that Provisions of section 187C have become redundant on and after the commencement of the Companies (Amendment) Act, 2000.
However, amendment made to section 187C by the Companies (Amendment) Act, 2000, says only about trustees.
Thus if a shareholder is only a nominee shareholder, made just with an intention of complying with the minimum membership requirements, then is it still mandatory to receive declaration from such members? Is the company required for file form 22B?
Kindly answer as soon as possible.
Regards
Rupesh Gujarathi
08 October 2010
As per my understanding, your observation is perfectly in order meaning thereby that it is mandatory. I have done and MCA accepted.
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