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.... or in any other manner; (d) "fees" means the fees as specified in the Limited Liability Partnership Rules, 2009; (e) "Form" or "e-form" means a form set forth in the Annexure to these rules; (f) "majority stake" means;- (i) holding more than one-half of the equity share capital in the body corporate; or (ii) holding more than one-half of the contribution in a partnership entity; or (iii) holding more than one-half of the voting rights in the body corporate; or (iv) having the right to receive or participate in more than one-half of the distributable dividend or distributable profits or any other distribution by the body corporate including a partnership entity as the case may b....
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....s; (iv) has right to exercise or actually exercises, significant influence or control, in any manner other than through direct-holdings alone: Explanation I.- For the purpose of this clause, if an individual does not hold any right or entitlement indirectly under sub-clauses (i), (ii), (iii) or (iv), he shall not be considered to be a significant beneficial owner. Explanation II.- For the purpose of this clause, an individual shall be considered to hold a right or entitlement directly in the reporting limited liability partnership, if he satisfies any of the following criteria, namely:- (i) the contribution in the reporting limited liability partnership representing such right or entitlement are held in t....
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....er of the partnership entity; or (c) holds majority stake in the ultimate holding company of the body corporate which is a partner of the partnership entity. (iv) where the partner of the reporting limited liability partnership is a trust (through trustee), and the individual,- (a) is a trustee in case of a discretionary trust or a charitable trust; (b) is a beneficiary in case of a specific trust; (c) is the author or settlor in case of a revocable trust. (v) where the partner of the reporting limited liability partnership is, (a) a pooled investment vehicle; or (b) an entity controlled by the pooled investment vehicle, based in member State of the Financial A....
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