Section 93-companies act 2013
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 March 2015
Section 93-Every listed company shall file a return in form MGT- 10 with the ROC with respect to change in 2 percent shareholding held by promoters and top ten shareholders of such company, within fifteen days of such change.
Further the instruction kit to Form MGT-10 mentions as under
percentage of shareholding after the change - This field is auto-filled as per the below calculations: percentage of shareholding after the change = {no. of shares held after change - no. of shares held before change} 100 /no. of shares held before change.
This reflects that the change in 2 percent shareholding is of the shareholder himself and not on the paid up capital of the Company. However in a listed Company there are a lot of cases in which change in 2 percent shareholding is of the shareholding of shareholder himself.
In light of the above kindly clarify whether the change in 2 percent shareholding is to be taken on paid up capital of the Company or 2 percent change is to be analysed on change in own shareholding of shareholder between two dates
Further the instruction kit to Form MGT-10 mentions as under
percentage of shareholding after the change - This field is auto-filled as per the below calculations: percentage of shareholding after the change = {no. of shares held after change - no. of shares held before change} 100 /no. of shares held before change.
This reflects that the change in 2 percent shareholding is of the shareholder himself and not on the paid up capital of the Company. However in a listed Company there are a lot of cases in which change in 2 percent shareholding is of the shareholding of shareholder himself.
In light of the above kindly clarify whether the change in 2 percent shareholding is to be taken on paid up capital of the Company or 2 percent change is to be analysed on change in own shareholding of shareholder between two dates
05 March 2015
2 percent change in the shareholding of individual or group of share holders will be taken in calculation.
not the Paid up or authorised capital of company.
not the Paid up or authorised capital of company.
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