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Indian Coast Guard on prowl; seizes 173 kg drugs from Indian fishing boat; 2 arrested Cus - High Courts are barred from hearing appeals involving issues of valuation of imported goods; appeals dismissed as not maintainable: HC IBC - When one party owes debt to another and creditor is claiming under written agreement providing for rendering 'service', debt is operational debt if claim of debt has some connection with service : SC (See 'TIOLCorplaws')SC stays HC order directing CBI to probe against WB officials’ role in teachers’ recruitment scam ICG seizes 86 kg narcotics worth Rs 600 crore 9 killed as two vehicles ram into each other in Chhattisgarh Chief of Defence Staff Gen Anil Chauhan concludes his official visit to France Consumer court orders Swiggy to compensate for failure to deliver Ice Cream Requisite Checks for Appeals - Court Fee The 'taxing' story of Malabar Parota, calories notwithstanding!I-T - Unless a case of bias, fraud or malice is alleged, then Department cannot assail SETCOM's order: HC Centre allows export of 99,150 MT onion to Bangladesh, UAE, Bhutan, Bahrain, Mauritius & Lanka Pension Portals of all Pension Disbursing Banks to be integrated I-T- Resolution Plan under IBC, once approved, nullifies any claims pertaining to a period prior to approval of said Plan: HC ‘Flash Mob’ drive in London seeks support for PM Modi To deliver political message, Pak Sessions judge abducted and then released: KPK Chile announces 3-day national mourning after three police officers killed

Untitled Document

GOVERNMENT OF INDIA
MINISTRY OF CORPORATE AFFAIRS
NEW DELHI

GENERAL CIRCULAR NO

24/2014, Dated: June 25, 2014

To

All Regional Directors,
All Registrars of Companies,
All Stakeholders.

Subject: Clarification with regard to holding of shares in a fiduciary capacity by associate company under section 2(6) of the Companies Act, 2013.

In continuation of the General Circular No.20/2013 dated 27/12/2013, it is clarified that the shares held by a company in another company in a 'fiduciary capacity' shall not be counted for the purpose of determining the relationship of 'associate company' under section 2(6) of the Companies Act, 2013.

2. This issues with approval of Competent Authority.

F.No.01/13/2013-CL-V

(KMS Narayanan)
Asstt. Director

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