Query in annual return

This query is : Resolved 

Avatar

Guest

Profile Image
Guest (Querist)
22 December 2011 Dear Friends & Experts,

ABC Private Limited has two directors, who are foreign nationals.

These two foreign directors have 100% holding in the company.

Query

While filling the Annual Return - VIII. Equity Share Capital Breakup (Percentage of Total Equity) -

Should I fill their 100% holding under the category 'Directors / Relatives of Directors'

or

Should I fill under the category 'Foreign Holdings'

Ans : ..............

Kindly tell me the appropriate category to fill in the Annual Return.

Thanks and I shall wait for the response.

22 December 2011 I think it should be Directors/relatives.

23 December 2011 As per my view directors/relatives


23 December 2011 U should fill under the "Directors/Relatives holding".
Reason behind this is If u fill under Foreign Holding then it Will be interpreteted that Directors do not have any holding which may give mis interpretation to General public and ROC as these are public Docs.

23 December 2011 Agree with the above explanation



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries