Section - 2(32) (of Income Tax Act, 1961), Person who has a substantial interest in the company defined under
Section - 2(32) (of Income Tax Act, 1961), Person who has a substantial interest in the company defined under
Definitions of "person who has a substantial interest in the company"
"Person who has a substantial interest in the company", in relation to a company, means a person who is the beneficial owner of shares, not being shares entitled to a fixed rate of dividend whether with or without a right to participate in profits, carrying not less than twenty per cent of the voting power ;
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