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Substantial ownership & effective control- meaning

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 March 2011 Exact meaning of substantial ownership and effective control of a company?
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Jayashree S Iyer

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Jayashree S Iyer (Expert)
22 March 2011 Substantial ownership and effective control means the person holding such powers have majority shareholding of the company and is having full decision making powers with him.
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Querist : Anonymous

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Querist : Anonymous (Querist)
22 March 2011 Can you provide me the details where substantial ownership is exactly defined. From where can i get the same?
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