Comments on: Setting Up To Fail: The Amended Significant Beneficial Ownership Rules https://indiacorplaw.in/2020/01/setting-fail-amended-significant-beneficial-ownership-rules.html?utm_source=rss&utm_medium=rss&utm_campaign=setting-fail-amended-significant-beneficial-ownership-rules A blawg containing a periodic review of topics of interest in corporate and commercial law that impact India Sat, 04 Apr 2020 16:05:29 +0000 hourly 1 https://wordpress.org/?v=5.7.2 By: Ayush https://indiacorplaw.in/2020/01/setting-fail-amended-significant-beneficial-ownership-rules.html#comment-68273 Sat, 04 Apr 2020 16:05:29 +0000 https://indiacorplaw.in/?p=8366#comment-68273 In reply to Reader.

Thank you for taking the time to go through the piece. Of course, I stand corrected there. The individual holds 30% in X Ltd which in turn holds 40% in Y Ltd. So her indirect shareholding in Y Ltd is 30% of 40% which still comes to 12%. Thanks for pointing this out. Best regards, Ayush

]]> By: Reader https://indiacorplaw.in/2020/01/setting-fail-amended-significant-beneficial-ownership-rules.html#comment-67284 Fri, 03 Apr 2020 19:16:38 +0000 https://indiacorplaw.in/?p=8366#comment-67284 The example is incorrect. The indirect shareholding of the individual in Y will be 30% of 40% instead of the other way around.

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