187c query

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Ketan Ranade

Company Secretary

64 Points Posted on 28 January 2012

Hi,

There is a query regarding Section 187 C.

Mr.X was nominee of ABC limited.The Company had filed Form 22B with ROC for registration of beneficial ownership.

Now Mr. X shall no more be nominee of ABC Ltd and the shares shall directly be held in the name of the Company.

Now is the Company again required to File Form 22B or mere transfer will be sufficient.

If Form 22B is filed then what should be filled in columns for bebeficial owner and interest?

Replies (3)

CS Rajveer Rai, Gurgaon

646 Points Posted on 28 January 2012

make necessary entry for transfer nothing else is required

Guest

Section 187C (3) Whenever there is a change in the beneficial interest in such shares the beneficial owner shall, within thirty days from the date of such change, make a declaration to the company in such form and containing such particulars as may be prescribed.

You need to file Form 22B with ROC. In those column, write “ INTEREST CEASED”

Ankur Shah & Associates

M: 94276 33901

E: ankur @ csankur.in

W: www.transferhub.in

Guest

The logic behind notification is very simple.

If I have filed for the beneficial interest, then ROC or anybody else, who is taking public search of documents, wants to know,whether my interest has been changed or ceased or not at any point of time.