Regulatory Alerts2024-03-22
Added · Updated
Circular No. 9 of 2024 – Clarification on Filing Form-3 for Shareholding Changes Under Section 465 of the Companies Act 2017
Unlisted companies are permitted to file Form-3 with the registrar to report any change of twenty-five percent or less in their shareholding, membership, or voting rights. This clarification expands upon the mandatory requirement to report changes exceeding twenty-five percent within fifteen days. The provision allows companies to voluntarily disclose smaller transfers to maintain updated public records of shareholding.
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