If a Holding company Incorporate a wholly owned subsidiary company and authorize its directors or other persons to subscribe some shares as nominee of holding company to fulfill the requirement of minimum number of members,
Is Form 22B is required to be filed under section 187C of the Companies Act, 1956 when the director or such authorized person of holding company leaves the holding company?
i think no need untill shares are transferred to someone else..
Section 187C (3) specifically lays down that " whenever there is a change in the beneficial interest the beneficial owner shall within 30 days of such change make a declaration to the company"
thus mere termination as directorship does not require the declaration to be made unless there is a change in the beneficial ownership as well.
Yes,
If beneficial ownership is not getting changed than there is no need of filing declaration but if it is getting changed than you need to file declaration as per section 187.
Regards
Sourabh Jain
T R SOOD & CO
New Delhi
CA Inter
View Details
Aggarwal Sarawagi and Co
New Delhi
CA
View Details
CAclubindia
