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Take over of Company

This query is : Resolved 
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(Querist)
29 January 2010 Dear Dir,
Actually we taking over one company and we will make the other company 100% subsidiary .
Can u plz. tell the formalities to b done for share transfers.
Is there any compliance with ROC
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Rasesh

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Rasesh (Expert)
29 January 2010 Since atleast 2 or 7 members are required, you will have to transfer the shares accordingly in favour of your company and some shares in favour of other persons.

The benefitial interest of such shares will be held by your company. The necessary declarations under Section 187C and in Form 22B alongwith the attachments will have to be filed with the ROC.
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