Take over of Company
This query is : Resolved
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
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
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.
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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