Help required in case of section 187C and Form 22B - with re
This query is : Resolved
Rupesh Gujarathi
(Querist)
08 October 2010
Hi,
I have a query in relation to section 187C and Form 22B - with reference to Companies (Amendment) Act, 2000 and the below mentioned rules.
In ‘The Companies (Declaration of Beneficial Interest in Shares) Rules, 1975, there is a note given that Provisions of section 187C have become redundant on and after the commencement of the Companies (Amendment) Act, 2000.
However, amendment made to section 187C by the Companies (Amendment) Act, 2000, says only about trustees.
Thus if a shareholder is only a nominee shareholder, made just with an intention of complying with the minimum membership requirements, then is it still mandatory to receive declaration from such members? Is the company required for file form 22B?
Kindly answer as soon as possible.
Regards
Rupesh Gujarathi
I have a query in relation to section 187C and Form 22B - with reference to Companies (Amendment) Act, 2000 and the below mentioned rules.
In ‘The Companies (Declaration of Beneficial Interest in Shares) Rules, 1975, there is a note given that Provisions of section 187C have become redundant on and after the commencement of the Companies (Amendment) Act, 2000.
However, amendment made to section 187C by the Companies (Amendment) Act, 2000, says only about trustees.
Thus if a shareholder is only a nominee shareholder, made just with an intention of complying with the minimum membership requirements, then is it still mandatory to receive declaration from such members? Is the company required for file form 22B?
Kindly answer as soon as possible.
Regards
Rupesh Gujarathi
08 October 2010
As per my understanding, your observation is perfectly in order meaning thereby that it is mandatory. I have done and MCA accepted.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- GSTR-9C filing
- TDS on Dashcam rent and allied services
- Import Order Cancelled.
- ETDS return q4 25-26
- Capital Gains Tax on Inherited Mutual Fund
- Applicability of tax on invoice
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
