https://www.taxtmi.com/circulars?id=10715 When a private company is deemed public, individuals who hold shares in that private company and in one or more shareholding companies are to be treated as separate members of each company for computing total members. Common shareholding does not permit aggregating an individual's identity across companies; each membership carries its own rights and must be counted separately under the membership computation rule. en-us Fri, 16 Nov 1962 00:00:00 +0530 Thu, 16 Jun 2011 15:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10715 When a private company is deemed public, individuals who hold shares in that private company and in one or more shareholding companies are to be treated as separate members of each company for computing total members. Common shareholding does not permit aggregating an individual's identity across companies; each membership carries its own rights and must be counted separately under the membership computation rule. Circulars Companies Law Fri, 16 Nov 1962 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10715