Section 187c

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

29 August 2013 Dear all,

Mr. A is the nominee shareholder in a public Ltd. Co. Now Mr. A is no more in employment with the Company therefore he is transferring his 1 share to another employee who will become the nominee shareholder of the Company.
Whether a declaration u/s 187C needs to given and Form 22B required to be filed with ROC?
If yes, who will give declaration about the same?
In my opinion the new nominee shareholder will give declaration to the Company.

Experts view solicited.

Thanks in anticipation.

Ajay Mishra

Ajay Mishra (Expert)
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29 August 2013 Hi

The co, who originally have owner of shares can change the nominee.

For more, go to the following link:

http://www.advocatekhoj.com/library/rules/companiesdeclaration/index.php?Title=Companies%20%20%20(Declaration%20of%20Beneficial%20Interest%20in%20Shares)%20Rules,%201975

Querist : Anonymous

Querist : Anonymous (Querist)

29 August 2013 Thanks Sir

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Ajay Mishra

Ajay Mishra (Expert)
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29 August 2013 My Pleasure......

Querist : Anonymous

Querist : Anonymous (Querist)

29 August 2013 Dear All,

Whether, benificial owner is required to give declaration in Form II though shares are transfered from one existing nominee shareholder to other nominee shareholder and interest of beneficial owner is not affected. New Nominee shareholder will give his declaration in Form I? Kindly clarify.