section 187C clarification -

3526 views 8 replies

X – Indian company

Y – wholly owned foreign subsidiary of X
 
Z – Indian subsidiary of Y
 
Shareholding of ‘Z’ company:
 
98 shares – held with ’Y’
2 shares – held with two individuals so far. Now,  to be transferred to ‘X’.
 
If transferred, whether holding 2 shares by ‘X’ comes  under section 187(c) – beneficial interest or not.
 
Whether ‘Z’ has to file Form 22B with ROC in this regard…
Replies (8)

Kindly rectify your query as minimum shareholders for a public company is 3.

Also share the current status of two individual shareholders of Z Limited.

 

Analyse the proposed shareholding pattern of Z limited

 

1. Y Limited       98 shares           98%

2. X Limited       02 shares         02%

 

Total                   100                     100%

Thanks Ankur for the reply....

Z is a private limited company and the existing two shareholders of Z are holding one share each in their individual capacity...

can you please clarify us Whether ‘Z’ has to file Form 22B with ROC in this regard…

Okay as Z is a pvt co.

Now what is the need to follow 22B route.

Simply prepare 2 share transfer deed and transfer the shares from 2 shareholders to company X. Make payment of 2 shares from the bank a/c of X limited.

 

No need to file form-22B.

I want a resolution under sec 187c of companies act

satish my email id: satish_cs81 @ yahoo.com

please send me the minutes format of section 187-c .

if any please give me mail  :   cschittaranjanjena @ gmail.com

give me some sample forms for declaration in section 187 C and procedure to file the same forms in ROC . please help me, as i have to transfer the shares of one company to another. my e mail Id is : navneet9414749947 @ gmail.com

 

 

Navneet Ojha

 

Kindly send me some special resolution samples My Mail Id is kardarbar @ gmail.com

Kindly send me the 187C compliance formats and Resolutions at csdeepaksharma10 @ gmail.com .

Regards 

Deepak

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