Q. Limited/ Private Limited company is shareholder( Name strike off in ROC records) in some other company

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Question added Sep 4, 2019 Benami Property Law By MANOJ GARG, CA, South Delhi
can benami act be applied in this case to the company of which the company is shareholder.

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answered Sep 26, 2021 By CA PRAMOD JAIN, CA, CS, CMA, LL.B, Delhi
In such a case the shareholder is non-existent. The question of Benami law would be there however one should take care that such shares could belong to the government. Further in the amended schedule III now the detail of such shareholders had to be given in notes to the accounts for financial year 21-22 onwards.

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