Beneficial interest in shares requires declaration of persons holding such interest and prescribed particulars under the Companies Rules.

Form I requires a registered holder to declare, under section 187C(1) and the Companies (Declaration of Beneficial Interest in Shares) Rules, 1975, that another person holds the beneficial interest in specified shares entered in the declarant's name, and to provide prescribed particulars: each beneficial owner's name and parentage, age, occupation, address, nationality, nature and date of acquisition of the beneficial interest, reasons for non-registration, paid-up value, plus place, date and signature.

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