Please help me sir i know this is academic qurey
Asha
(Querist) 26 March 2012
This query is : Open
Respected Experts
I know you all are not going to give this query reply but let me tell you all
that i was just asking my query to lawyers club but now you all experts are decided not to give academic query ..
please reply to this
Our company is a 100% subsidiary of another international company and it is a private limited company. We have approval under automatic route. Since parent company is holding 100% share holding, we have to allot one share to Director of the company to comply with the requirement of 2 shareholders. However the amount is paid by parent company and it is shown in the members register that director is holding one share on behalf of the parent company.
Can you any one advise whether this attracts 187C ( declaration by shareholder for holding share on behalf of others). If so, whether we have to file a declaration with ROC.
It is already informed to RBI about the holding of one share.
thanks in advance.
Please clarify.
