alleryStart learning →A person named as beneficial owner in a depository's records is regarded as?
AAn officer in default
BA promoter of it
CA debenture trustee
DA member of company
Answer & Solution
Correct answer: D. A member of company
Section 2(55)(iii) covers every person holding shares whose name is entered as a beneficial owner in a depository.
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Related questions
A Global Depository Receipt is created by a depository located where?A firm in which a director's relative is a partner is a?'Remuneration' includes perquisites as defined under which Act?A notification under the Act is published where?Which Act is listed as a 'previous company law'?'Prescribed' under the Act means prescribed by what?'Banking company' is defined by reference to which Act?'Book or paper' also covers records kept in which form?