14 February 2011
Dear sir, Please consider the following issue and clarify. A Public Ltd Company which is a 100% subsidiary of Private Ltd Company! Query: 1. How many members & Share holders should be in Public Ltd Company, Whether 7 or 2. If 7, then how can it became 100% Subsidiary of Private Ltd Company? 2. Similary how many Directors?
14 February 2011
You have to allott/transfer shares in the name of seven different person and the money for all the persons will be paid by the Company.These person will hold the shares on behalf of the Company and does not have beneficial interest in the shares.
For PROFORMA OF NECESSARY FORM TO BE FILED TO ROC please see "THE COMPANIES (DECLARATION) OF BENEFICIAL INTEREST IN SHARES) RULES, 1975."
CAclubindia
