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Is indirect holding mandatory in SBO
Is indirect holding mandatory? as in the bare act it is given that HOLDS INDIRECTLY OR TOGETHER WITH DIRECT HOLDING NOT LESS THAN 10% OF THE SHARES. In the above sentence the word TOGETHER mandates INDIRECT holding of some percentage?
Replies (1)
indirect holding is mandatory for sbo declaration. if the person have direct holding only so it is out of the ambit of sbo
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