s 370 1B
This query is : Resolved
08 May 2009
370 1B (v) if one or more directors of the one body corporate while holding, whether by themselves or together with their relatives, the majority of shares in that body corporate also hold, whether by themselves or together with their relatives, the majority of shares in the other body corporate
if the directors holding shares in a co and tht company is a share holder in a body corproate it will b applicable or not?
Pl comment. Its urgent
if the directors holding shares in a co and tht company is a share holder in a body corproate it will b applicable or not?
Pl comment. Its urgent
12 May 2009
Hi Mamta,
Kindly appreciate in the situation mentioned by you section-370(1B)(v) is not applicable.
What I understand from your question is—Ram & Shyam are two directors of ABC Limited and ABC Limited is a shareholder of XYZ Limited. In this situation and going by the language of Section-370(1B)(v) we can not consider ABC Limited and XYZ Limited under the same management.
If you still have a doubt then please post it.
Best Regards
Kindly appreciate in the situation mentioned by you section-370(1B)(v) is not applicable.
What I understand from your question is—Ram & Shyam are two directors of ABC Limited and ABC Limited is a shareholder of XYZ Limited. In this situation and going by the language of Section-370(1B)(v) we can not consider ABC Limited and XYZ Limited under the same management.
If you still have a doubt then please post it.
Best 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
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Multiple trade mark
- Transporter Declaration form
- Regarding TDS Applicability For Director Remuneration
- LC charges in relation to Asset purchased should be Capitalised ?
- Value of property in capital gain
- Regarding appeal to GSTAT
- Copyright software
- Invoice V/S Goods receipt Note Date
- Form 121 & TDS deduction
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
