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 Topics :
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
Related Topics :
CAclubindia
