Shareholding under companies act 2013
This query is : Resolved
26 August 2016
Hi Everyone, Can any one clearify that in a Pvt Co. can a share holder hold 99% on behalf of a foreign company and 1% on his own name? For example: Indian Pvt Company X, Y an NRI individual and Z is a foreign Company. In this case can Y hold 99% shares of Co. X on behalf of Co. Z and 1% on his (Y) name? If possible please refer relevant section or rule. Thanks....
26 August 2016
Possible, but to comply section 89 of 2013 act.
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29 August 2016
Thanks for the solution
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