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As per section 89 the company has to file Form MGT-6 with ROC witin 30 days of receipt of declaration from the beneficial owner and the member whose name has been entered in the register of members but who is just a nominee for the share. As now as per new acts exemption are available in case of 100% subsidiaries only we hv to transfer the 100% shareholding to the holding company's name but for keeping the minimum two members one share has to be given to smbody as nominee of the holding company. In that case are we required to file MGT 6 as the beneficial owner is the holding company and not the person who is shown as a member or it is not necessary as the entry in the register of member and on share certificate shows him as nominee of the holding company.Further if it is to be filed whether both the forms MGT 4 & 5 are to be attached with MGT 6 means holding company as well as the nomine both hv to file the declaration with the company.

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Posted By: Anita 10 year(s) ago

This question has been closed if you want to answer,you have to re-open.


    AKILA

MGT 4 and MGT 5 are the declaration of interest was under Section 187c Companies Act 1956, Depending upon the change MGT4 or MGT5 or both to be received. Then within 30 days of receipt MGT 6 to be filed with ROC.

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