banner_ad

SBO Declaration related Query

Companies Act 2013 297 views 1 replies
User Avatar

Company Secretary
22 Points Posted on 24 January 2024

X Pvt. Ltd. is reporting Company in which Y Pvt.Ltd. holds 50% of share. A holds 40% direct share in Y pvt. Ltd. , do A needs to give SBO declaration to X Pvt. Ltd. Kindly guide. 

0 Reply Share Follow
On 24 January 2024 at 10:30 Report
Replies (1)
User Avatar

Master in Accounts & high court Advocate
9615 Points Posted on 24 January 2024
  • In following the SBO declaration is required. 
  • holds indirectly, or together with any direct holdings, not less than ten per cent of the shares;
  • holds indirectly, or together with any direct holdings, not less than ten per cent of the voting rights in the shares;
  • has the right to receive or participate in not less than ten per cent of the total distributable dividend, or any other distribution, in a financial year through indirect holdings alone, or together with any direct holdings;
  • has the right to exercise, or actually exercises, significant influence or control, in any manner other than through direct holdings alone.
1 Reply
On 24 January 2024 at 14:42


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details