Beneficial interest in shares Scope of the section relating to declaration by persons not holding beneficial interest in share Declaration of Beneficial Interests in Shares Rules, 1975 framed thereunder

Beneficial interest in shares Scope of the section relating to declaration by persons not holding beneficial interest in share Declaration of Beneficial Interests in Shares Rules, 1975 framed thereunder https://www.taxtmi.com/circulars?id=10889 Clarifies that when pledged shares are transferred to a bank's name the bank files Form I to reflect legal title, while the customer retains the beneficial interest and must file Form II as the beneficial owner; banks should not claim beneficial interest for pledgee purposes for requiring customers to certify contrary statements. en-us Wed, 31 Mar 1976 00:00:00 +0530 Fri, 17 Jun 2011 16:12:00 +0530 TaxTMI RSS Generator Beneficial interest in shares Scope of the section relating to declaration by persons not holding beneficial interest in share Declaration of Beneficial Interests in Shares Rules, 1975 framed thereunder https://www.taxtmi.com/circulars?id=10889 Clarifies that when pledged shares are transferred to a bank's name the bank files Form I to reflect legal title, while the customer retains the beneficial interest and must file Form II as the beneficial owner; banks should not claim beneficial interest for pledgee purposes for requiring customers to certify contrary statements. Circulars Companies Law Wed, 31 Mar 1976 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10889