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WHAT IS BENEFICIAL INTEREST? For the purpose of section 89 and section 90, BENEFICIAL INTEREST in a share includes, directly or indirectly, through any contract, arrangement or otherwise, the right or entitlement of a person alone or together with any other person to— (i) exercise or cause to be exercised any or all of the rights attached to such share; or (ii) rece......
As the Ministry of Corporate Affairs has started overhauling and cleaning its records and registry, MCA has come up with the Companies (Incorporation) Amendment Rules, 2019 on 21st February, 2019, MCA has inserted Rule 25A to the Companies (Incorporation) Rules, 2014 namely Active Company Tagging Identities & verification (Active) in e-Form Active (INC-22A) Which shall come into force with eff......