In continuation of my query on beneficial interest as replied by Akila pl. clarify why the transferor will sign anything after signing the transfer deed at the time of sale. And the beneficial owner is already signing the FormMGT-5. I am asking about the certificate at the end of MGT 5 which is required to be signed by the person who has transferred the beneficial interest in the shares who will be that person. Further a certified copy of the resolution passed by the company for which the registered owner is holding the shares as nominee is enough as document of beneficial interest.Further as replied by Ankit if it is signed by the beneficial owner thn what is the need to give it seperately as a certificate the BO is the one who is to sign the MGT 5 . It is really confusing pl clarify who is the person who has transferred the beneficial interest in the shares and how.

Section 89- Declaration in respect of beneficial interest in any share.

Posted By: Anita 10 year(s) ago