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

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....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 Query : In sub‑section (2) of section 187C, the words "beneficial interest" and "beneficial owner" have been used. It requires a person having beneficial interest in ownership to file a....

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....bank is that they themselves file Form II because they are the beneficial owners of the shares and the shares are also registered in their names. If they certify as to the facts contained in Form II filed by the banks indicating beneficial interests of the banks as pledgee that will be in contradiction to the facts already stated in Form II filed by them. The whole problem arises because of the sy....