Section 93 -mgt 10

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Section 93 -MGT 10

  1. There is a Inter se transfer of shares amongst promoters  of more than 2 % in listed company

 

Query :

 

1) Is interse transfer  change is also needs to be fiiled ?

 

2 ) Whether change of shares of more than 2 %  for EACH OF THE PROMOTER NEEDS TO BE FILED ?As Pursuant to MCA  notification  dated 24.07.2014 the EXPLANATION GIVEN in the rule is omitted, which contained the word each ?

 

 

3 ) What is the logic behind  omitting the EXPLANATION

 

4) does it mean promoter group or each promoter

 

redgs

 

Replies (2)

Shri P.C.Agrwal sir , your valuable suggestion  awaited .

Pl refer following articles on the subject:

 

https://www.india-financing.com/images/Articles/Making_sense_of_disclosure_under_section_93_Companies_Act_2013.pdf

 

https://www.india-financing.com/images/Articles/Anomaly_for_disclsoure_us_93.pdf

 

Thanks

 

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