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    should we take BEN 1 from these 2 individuals for holding these shares at H 3 Level ?

    Posted By : CS Shiriti / Published on : 20-Jul-2019 01:06 PM / View : 691 / Comment : 0

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    Dear friends ,

    what is the meaning of "By virtue of exercise of significant influence (attach copy of agreement)" .

    i have a client which is a private Limited co and it is a 100% subsidiary to a foreign Co. The shareholders of the foreign co are again body corporates registered abroad and 2 individuals. these 2 individuals are holding at holding co level 3 , 11.01% and 12.18% shares.

    should we take BEN 1 from these 2 individuals for holding these shares at H 3 Level ? AND

    in the Indian Pvt Co, these 2 individuals are directors and one of these 2 is normally the chairman for all board meetings and general meeting/s, Besides there is a whole time director who is a resident in India. so would this attract "By virtue of exercise of significant influence (attach copy of agreement)"

    learned members , please share your views of the above.

    regards,



    --
    CS. R. Mohan
    Mobile: 9908814677
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