06 December 2008
Sec2(22)(e) contain topic of substantail interest and pls let me know whether for calculating substantial interest shareholders are taken on aggregate basis or on individual basis in related company ((((For Eg.A (P) Ltd granted loan to B Ltd. and there is common sharehlder in both company in A (P) Ltd there is two shareholder i.e P & Q both have equal shareholding and in B Ltd P have 8% voting power and Q have 7% voting power and there is also some relatives of P and Q who have shaeholding in B Ltd....now for calculating substantial interest both are taken combindly or on individual basis.))))
CAclubindia
