Legal n beneficial ownership
This query is : Resolved
12 January 2013
Sir
what is the difference between beneficial ownership n legal ownership?
how is it possible the person having 20% voting power and still is not the owner of the company
what is the difference between beneficial ownership n legal ownership?
how is it possible the person having 20% voting power and still is not the owner of the company
12 January 2013
in laymen language legal owner is who hold the title of the property and the beneficial owner is who enjoy the benefits of that property on behalf of title holder.
20% voting power does not make u owner of the co. not even anything else. it gives you only some rights but not the ownership.(apki baat pehle suni jayegi and to some extend maani b jayegi)
its as simple
we we go out with frds to dominos n contribute more than our frds .. they only give use right to chose what to eat instead of whole Piza.
20% voting power does not make u owner of the co. not even anything else. it gives you only some rights but not the ownership.(apki baat pehle suni jayegi and to some extend maani b jayegi)
its as simple
we we go out with frds to dominos n contribute more than our frds .. they only give use right to chose what to eat instead of whole Piza.
13 January 2013
I agree with the expert "Naresh" and do add an example-
In case of your shares in Demat A/c- The depository is treated as the legal owner of the shares and you are treated as a beneficial owner. The dividend, Bonus, etc will be enjoyed by you.
.
The person can be said to be owner of the shares through which he gets 20% voting right in the company. He can not demand 20%
Assets or Liabilities of the company. Company itself is a separate legal entity.
.
In case of your shares in Demat A/c- The depository is treated as the legal owner of the shares and you are treated as a beneficial owner. The dividend, Bonus, etc will be enjoyed by you.
.
The person can be said to be owner of the shares through which he gets 20% voting right in the company. He can not demand 20%
Assets or Liabilities of the company. Company itself is a separate legal entity.
.
Message likes :
1 times
13 January 2013
Thanks experts naresh sir n bafra sir.
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
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR 1: Details for showing Exempt Income
- ITR returnFY25-26
- ITR validation error - Balance sheet is not filled
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
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
