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.
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.