Filing of Form MGT-10 (u/s 93) is required in case of change relating to either increase or decrease of two percent, or more in the shareholding position of promoters and top ten shareholders of the company Suppose the Top 10 Shareholders as on 01st April 2014 hold less than 0.5% each. Now all these top 10 shareholders have neither acquired any shares nor have sold any shares. However later during the period till 31st December 2014, another 10 shareholders have acquired a little more than the existing top 10 share holders. Now these new Shareholders become top 10 shareholders of the company. In such a scenario is there any need to file for MGT-10. Further henceforth are we required to track only the shareholding for these new top 10 shareholders or are we also required to track the shareholding for the old top 10 shareholders.
Posted on: Sat, 10 Jan 2015 06:09:35 +0000
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