Examine whether Joy will fall under the purview of Significant Beneficial Owner with respect to Zed Ltd. in the following circumstances: Joy holds 6% of equity while Mahek holds 7% of equity in Zed Ltd. and they are deem
CS Executive · Company Law · PYQS · June 2024
Examine whether Joy will fall under the purview of Significant Beneficial Owner with respect to Zed Ltd. in the following circumstances: Joy holds 6% of equity while Mahek holds 7% of equity in Zed Ltd. and they are deemed to act together.
Answer & Explanation:
Joy holds 6% of equity while Mahek holds 7% of equity in Zed Ltd. and they are deemed to act together - Joy and Mahek are not Significant Beneficial Owner as there is no indirect holding and their acting together is irrelevant.
Topics: Significant Beneficial Owners
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