General Circular no. 24/2014
F. No: 01/13/2013 -CL-V
Government of India
Ministry of Corporate Affairs
`A’ Wing, 5th Floor, Shastri Bhawan Dr. Rajendra Prasad Road, New Delhi-110001
Date: 25.06.2014
To
All Regional Directors,
All Registrars of Companies, All Stakeholders.
Subject: Clarification with regard to holding of shares in a fiduciary capacity by associate company under section 2(6) of the Companies Act, 2013.
Sir,
In continuation of the General Circular No. 20/2013 dated 27/12/2013, it is clarified that the shares held by a company in another company in a ‘fiduciary capacity’ shall not be counted for the purpose of determining the relationship of `associate company’ under section 2(6) of the Companies Act, 2013.
2. This issues with approval of Competent Authority.
Hello corporatelawreporter.com webmaster, You always provide great resources and references.
Excellent blog! Do you have any hints for aspiring writers? I’m planning to start my own website soon but I’m a little lost on everything. Would you suggest starting with a free platform like WordPress or go for a paid option? There are so many options out there that I’m completely confused .. Any ideas? Cheers!