"Applicability of BEN-2

    Posted By : CS Shiriti / Published on : 24-Jul-2019 09:02 AM / View : 125 / Comment : 0
    Print button
    Dear Members,

    Can someone please reply to this ,
    TSV Private Limited

    Shareholding Details:

    1. A (individual) holding 49%

    2. BCD Pvt Ltd holding 51%


    Shareholding of BCD Pvt Ltd

    1. B (individual) holding 50%

    2. C (individual) holding 50%

    But the directors are common in TVS PRIVATE LIMITED AND BCD TVS PRIVATE LIMITED I.e A,B & C.

    Query: Is the provisions of SBO rules applicable in the given case? if yes then the form BEN 1 is to be taken from both B & C? As per my understanding the said rules are not applicable in the given case as there's no majority stake of more than one half holding more than one-half of the equity share capital/voting rights in the body corporate.But in the 1st test BCD PVT. LTD is holding 51 Percent i.e more than half .
    Now is SBO rules Applicable .

    TIA

    --
    Thanks and Regards,
    Punam Rajak,
    ACS, CA Final, M.Com(F&A), B.Com(F&A)
    MOB:8697797773
    Bangalore.
    Read more on : applicability



    Other Queries from CS Shiriti
    What's New on

    Latest Queries
    Like us on Facebook
    Follow Us on Twitter

    We are always here to help you. Don’t hesitate to contact us anytime!

    011-42345111 or ask@compliancecalendar.in