Dear All,
We are Private Limited Company , and 100% subsidiary of the Japanese Listed Company,( 99.99% shares are on the name of the parent company and 2 shares are held by another subsidiary of the Japanese Company ) in our listed Company no individual as well as body corporates holds majority stake, further our parent company could not identify any individual who indirectly holds 10% or more stake in the Company.
In such case how should we comply with the SBO rules , what declaration I should take from Parent company .
Can anybody please share points to be noted? Or can anybody share the draft to be taken from the parent Company.
Regards,
CAclubindia
