Mathematics · Percentages and Ratios
Alpha Corp is a private limited company where the shareholding is distributed as follows: - Entity A (another company): 40% - Mr. X (an individual): 8% - Mr. Y (an individual): 7% - Others (15 individuals with less than 3% each): 45% Upon further investigation of Entity A, its shareholding is found to be: - Mr. Z (an individual): 30% - Mr. W (an individual): 20% - Public shareholders: 50% Based on the KYC norms which set the Beneficial Ownership threshold for companies at 10% or more, calculate the indirect holding of Mr. Z and Mr. W in Alpha Corp and identify who among them must be classified as a Beneficial Owner for Alpha Corp.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Mr. X (8%) and Mr. Y (7%); No one is a Beneficial Owner because no single individual holds more than 10% directly.
- 2Mr. Z (12%) and Mr. W (8%); Both are Beneficial Owners because they belong to the controlling entity.
- 3Mr. Z (30%) and Mr. W (20%); Both are Beneficial Owners because they hold more than 10% in the parent entity.
- 4Mr. Z (12%) and Mr. W (8%); Only Mr. Z is a Beneficial Owner as his indirect holding exceeds 10%.✓
Correct answer
Mr. Z (12%) and Mr. W (8%); Only Mr. Z is a Beneficial Owner as his indirect holding exceeds 10%.
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