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    Having SBO or NOT

    Posted By : CS Shiriti / Published on : 20-Jul-2019 12:57 PM / View : 397 / Comment : 1

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    A Ltd. (Holding Company) has 2 shareholders:-
    1. Mr. A- 95%
    2. XYZ ltd. 5%

    Comment (1):- No one is SBO in A Ltd.

    Further, A Ltd. has two subsidiaries:-

    B Ltd. (Sub. Co.) having 2 Shareholders:-
    1. A Ltd.- 99%
    2. Mr. B- 1%

    Comment (2):- Mr. A of A Ltd. is SBO in B Ltd.

    C Ltd. (Sub. Co.) having 2 shareholders:-
    1. A Ltd.- 99%
    2. Mr. C- 1%

    Comment (3):- Mr. A of A Ltd. is SBO in C Ltd.

    Please clarify is this right ?
    Read more on : having


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