Easy Office
LCI Learning

substantial interest

This query is : Resolved 
Profile Image

Profile Image

(Querist)
17 July 2011 what is the diff. b/w beneficial ownership & legal ownership when talking about sub.interest in regard to sec.64(1)(ii).
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
18 July 2011 1. Legal owner,for this purpose, is the 'registered holder' of shares.
2, Beneficial owner is a person upon whom the legal owner will endorse the ownership by complying the provisions of section 187C of the companies act,1956.
Profile Image

C A S.S.Agarwal, M.Com.,LL.B,

Profile Image

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
18 July 2011 beneficial ownership is created through the will & legal ownership is created out of the sucession




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links