Section 187C
This query is : Resolved
01 July 2011
My query is whether compliance is required to be done under Section 187C under the following situations:-
1. At the time of incorporation, when there are 7 shareholders (1 - held by the holding company & the other six nominees holding shares on behalf of the holding Company) whether complaince under 187C i.e form 22B, form I & II are required to be done?
2. If there is change in nominee (i.e one nominee who was the employee of the Company has left the Company & in his place a new employee is appointed who would be holding shares as nominee of the holding Company now)whether compliance under 187C is required?
3. In situation two if the shares are transferred to the holding Company directly (i.e nobody would be nominee)considering the fact there are 8 more shareholders in the Company ; then whether compliance under 187C gets attracted?
1. At the time of incorporation, when there are 7 shareholders (1 - held by the holding company & the other six nominees holding shares on behalf of the holding Company) whether complaince under 187C i.e form 22B, form I & II are required to be done?
2. If there is change in nominee (i.e one nominee who was the employee of the Company has left the Company & in his place a new employee is appointed who would be holding shares as nominee of the holding Company now)whether compliance under 187C is required?
3. In situation two if the shares are transferred to the holding Company directly (i.e nobody would be nominee)considering the fact there are 8 more shareholders in the Company ; then whether compliance under 187C gets attracted?
01 July 2011
1. Yes
2. Yes
3. No need.
2. Yes
3. No need.
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