https://www.taxtmi.com/circulars?id=10834 Whenever the name of a bank is entered in the register of members as holder of shares, those shares must be taken into account for assessing the statutory holding threshold that triggers the special resolution requirement; the circumstances or purpose for which the bank holds the shares, including holding as security, are immaterial. en-us Thu, 12 Dec 1974 00:00:00 +0530 Fri, 17 Jun 2011 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10834 Whenever the name of a bank is entered in the register of members as holder of shares, those shares must be taken into account for assessing the statutory holding threshold that triggers the special resolution requirement; the circumstances or purpose for which the bank holds the shares, including holding as security, are immaterial. Circulars Companies Law Thu, 12 Dec 1974 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10834