Hi
Suppose A Ltd. is to be incorporated as WOS of B ltd. The Subscribers of A ltd are as follow:
1. B Ltd.
2. M (Nominee of B ltd.)
3. N (Nominee of B ltd.)
4. O (Nominee of B ltd.)
5. P (Nominee of B ltd.)
6. Q (Nominee of B ltd.)
7. R (Nominee of B ltd.)
All the subscribers except 'O' are the employees of B ltd. 'O' is not related to B ltd. in any way.
My query is whether 'O' can act as nominee of B ltd. as neither he is the employee of the company nor director?
Regards
Hinna Garg
Menu
Nominee in WOS
Replies (2)
Yes 'O' can act as nominee of B ltd. As law is silent about the fact that he should be employee or Director of the company nominating him.
Regards
Yes Ankur sir view is correct .................. law is silent on that aspect....and JV/wos are order of the day now....
Kamesh
Company Secretary in Practice
Recent Topic
- Money transction within Family
- ITR-2 salary breakup updation
- Application for ₹2 Crore Term Loan under Cre
- ITR-2 Schedule CG: Indexation cost ignored for lan
- INCOME TAX NOTICE 143(2) - FY 2024-2025
- Unable pay Self Assessment Tax - Netbanking and De
- Section 192 2(b) entry in IT return ITR 1
- Rent from redevelopment property
- How to find FMV of inherited gold after selling it
- Happy CA Day!!
Related Topics
CAclubindia
