procedure for change in beneficial interest of shares

[Priya Jain]

pls guide

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Regards

Priya Jain

[anjali jain]

both the persons who is not holding beneficial interest but his name is registered in the register of member have to make a declaration in form mgt4 to the company within 30days of such change and the person having beneficial interest have to make a declaration in mgt5 with 30days of change and company in turn will file mgt6 with roc with 30days 

[Priya Jain]

thanx anjali

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Regards

Priya Jain

[anjali jain]

for reference you may see sec 89

On Friday, July 10, 2015 at 11:36:09 AM UTC+5:30, Priya Jain wrote:

[Manpreet Kaur]

Procedure involved in Declaration of Beneficial Interest:

Step -1:

The person or a company (as the case may be), who holds the beneficial interest in any share shall submit the declaration as prescribed by The Companies (Management and Administration) Rules, 2014 in Form MGT 4 along with the covering or request letter to the company in which they hold the beneficial interest within one month from the date of acquisition or change in beneficial interest.

Step-2:

The person or the company (as the case may be), whose name to be entered into the register of members of the company shall submit the declaration as prescribed by The Companies (Management and Administration) Rules, 2014 in Form MGT 5 within one month from the date of acquisition or change in beneficial interest.

Step-3:

On receipt of declaration in Form MGT 4 & 5 by the company, the same shall be placed before the board for approval. The company are also required to intimate the Registrar of companies in e-form MGT 6 (Available in MCA Portal) within one month from the date of receipt of declaration in Form MGT 4 & 5.

Documentation Involved:

Person or company holding Beneficial Interest in Any Shares:

·         Covering or request Letter intimating the change in acquisition or change in beneficial interest.

·         Form MGT 5.

·         Proof of Identity of Beneficial Owner/Registered Owner

·         Instrument  under which beneficial interest is created/transferred/changed.

Person or Company Name to be registered with the Register of Members:

·         Form MGT 4

·         Proof of identity of Beneficial Owner/Registered Owner

Company:

·         Board Resolution for approval of Form MGT 4 & 5.

·         Filing of e-form MGT 6 with the ROC.

     REGARDS

m MANPREET KAUR

·          

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Thanks & Regards
Manpreet Kaur 
CS , LLB ,M.Com

[anjali jain]

manpreet mgt 4 is to be given by person whose name is entered in the register of member but who does hold beneficial interest

and mgt 5 by the person having beneficial interest in the shares

On Friday, July 10, 2015 at 11:36:09 AM UTC+5:30, Priya Jain wrote: