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Nominee Shareholder and Form 187c

jeets (CS ) (461 Points)

24 December 2010

Hello Everyone,

I have a query regarding Nominee shareholder?

What do you mean by Nominee shareholder and what kind of powers does he enjoy??

Why is form 187c Form I and Form II filed??

Thanks

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2 Replies

Jaideep (Service) (1368 Points)
Replied 24 December 2010

Hi,

Nominee shareholder does not enjoy any power till original shareholder is live. Nominee has right to convert the security in his name after the death of original share holder.

Section 187C is for DECLARATION BY PERSONS NOT HOLDING BENEFICIAL INTEREST IN SHARE for e.g beneficial interest hold by Trust for the shares registered in the name of trustee.

However, provisions of section 187 is redudant. Please find attached declaration of beneficial interest rules for the same.

Regards

Attached File : 11 declaration of beneficial interest rules companies act.pdf downloaded: 765 times