Query in annual return
This query is : Resolved
Guest
Guest
(Querist)
22 December 2011
Dear Friends & Experts,
ABC Private Limited has two directors, who are foreign nationals.
These two foreign directors have 100% holding in the company.
Query
While filling the Annual Return - VIII. Equity Share Capital Breakup (Percentage of Total Equity) -
Should I fill their 100% holding under the category 'Directors / Relatives of Directors'
or
Should I fill under the category 'Foreign Holdings'
Ans : ..............
Kindly tell me the appropriate category to fill in the Annual Return.
Thanks and I shall wait for the response.
ABC Private Limited has two directors, who are foreign nationals.
These two foreign directors have 100% holding in the company.
Query
While filling the Annual Return - VIII. Equity Share Capital Breakup (Percentage of Total Equity) -
Should I fill their 100% holding under the category 'Directors / Relatives of Directors'
or
Should I fill under the category 'Foreign Holdings'
Ans : ..............
Kindly tell me the appropriate category to fill in the Annual Return.
Thanks and I shall wait for the response.
22 December 2011
I think it should be Directors/relatives.
Jiten Gupta
(Expert)
23 December 2011
U should fill under the "Directors/Relatives holding".
Reason behind this is If u fill under Foreign Holding then it Will be interpreteted that Directors do not have any holding which may give mis interpretation to General public and ROC as these are public Docs.
Reason behind this is If u fill under Foreign Holding then it Will be interpreteted that Directors do not have any holding which may give mis interpretation to General public and ROC as these are public Docs.
Charu Srivastava
(Expert)
23 December 2011
Agree with the above explanation
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