Respected Members,
In Exp. III rule 2 of Companies (Significant Beneficial Owners) Amendment Rules, 2019 dt.08.02.2019 it is written that - For the purpose of this clause, an individual shall be considered to hold a right or entitlement indirectly in the reporting company, if he satisfies any of the following criteria, in respect of a member of the reporting company, namely:
(ii) where the member of the reporting company is a Hindu Undivided Family (HUF) (through Karta), and the individual is the Karta of the HUF;
My query is, in my register of members simply name of share holder is written as XYZ HUF. The fund is pulled from HUF's Account only. It is no where written that HUF is holding shares through karta. Then in such case BEN-1 and BEN 2 will applicable or not?
It will be great if someone can provide guidance on above.
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Cany any on highlights the impact of New amendments for disqualification of directors and the consequent vacation of their office ?
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Can anyone please tell me what Amendments come in relation to Register of significant beneficial owners in a company?
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