Hi All,
Can a subsidary of foreign company located in India issue multiple times right issues during a FY.
All shares were issued to the foreign holding company(99.5% held by foreign holding).
Please share your views.
Thanks & Regards
CS Ishmavel J
company
foreign
subsidiary
question
Dear All,
Please clarify whether BEN-2 filing is required by the Reporting Indian Subsidiary company:
(1) The Reporting Company is an Indian subsidiary company which has only two foreign body corporate shareholders with 99.98% and 0.02 % equity shareholding respectively.
(2) These two foreign body corporate shareholders has further body corporates only as a shareholders.
(3) If I go to the ultimate holding company also then also the shareholding is divided into different body corporates only and none of the individuals are holding more than 10% holding anywhere.
Please advise and revert back if any further clarification is required.
Thanks & Regards
Hirali Shah
Company Secretary
Dear Members,
Please let me know that in case of Foreign Subsidiary annual return, one Authorised Representative on behalf of Body Corporate and other proxy on behalf of Nominee Shareholder attends the AGM, then what would be their shareholding?
Body Corporate-99.99
Nominee Shareholder- 0.01
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