Hi
Suppose A Ltd. is to be incorporated as WOS of B ltd. The Subscribers of A ltd are as follow:
1. B Ltd.
2. M (Nominee of B ltd.)
3. N (Nominee of B ltd.)
4. O (Nominee of B ltd.)
5. P (Nominee of B ltd.)
6. Q (Nominee of B ltd.)
7. R (Nominee of B ltd.)
All the subscribers except 'O' are the employees of B ltd. 'O' is not related to B ltd. in any way.
My query is whether 'O' can act as nominee of B ltd. as neither he is the employee of the company nor director?
Regards
Hinna Garg
Menu
Nominee in WOS
Replies (2)
Yes 'O' can act as nominee of B ltd. As law is silent about the fact that he should be employee or Director of the company nominating him.
Regards
Yes Ankur sir view is correct .................. law is silent on that aspect....and JV/wos are order of the day now....
Kamesh
Company Secretary in Practice
Recent Topic
- INCOME TAX DEPARTMENT: DOUBLE STANDARDS
- ITR-4,under presumptive Taxation
- TDS data mismatch with SFT
- Resale of under construction Residential Flat part
- What would be my Salary
- Damage good
- INCOME TAX RETURN
- Form 10E doubt
- LTCG on property sale after 24jul2024
- Should we mention NET INCOME or GROSS INCOME in i
Related Topics
CAclubindia
