Company Law : The Companies Act, 2013 requires companies to maintain registers of members and disclose beneficial ownership. These provisions en...
Company Law : Learn about Section 90 of the Companies Act and its rules on identifying significant beneficial owners (SBOs), including filing Fo...
Income Tax : Understand Section 79 of the Income Tax Act, 1961, concerning loss set-off in closely held companies. Explore judicial interpretat...
Company Law : Two significant provisions under this law are Section 89 and Section 90, which deal with the concepts of Beneficial Interest and S...
Company Law : RoC penalizes LinkedIn India & Samsung Noida for SBO non-disclosure, expanding the interpretation of control under India’s Compa...
Company Law : Learn about latest compliance update from Institute of Chartered Accountants of India regarding Significant Beneficial Ownership r...
Company Law : A massive delay in filing BEN-2 for significant beneficial ownership led to maximum penalties. The authority held that prolonged n...
Company Law : The authority penalized the company for not identifying SBOs despite clear evidence of control and influence. It held that such id...
Company Law : The issue was whether SBO exists without majority shareholding. The authority held that control and influence also determine SBO, ...
Company Law : A company and its directors were penalized under Section 90(11) of the Companies Act for failing to issue notices to Significant B...
Company Law : SRA Systems Limited was not penalized for failing to file Form BEN-2 as the foreign shareholder was dissolved before the complianc...
RoC penalizes LinkedIn India & Samsung Noida for SBO non-disclosure, expanding the interpretation of control under India’s Companies Act.
Madhyamam Technologies Limited faces penalties for late filing of significant beneficial ownership under Section 90 of the Companies Act. Learn about the adjudication order.
Registrar of Companies penalizes Chimsen Technology ₹8 lakh for delayed SBO declaration under Section 90 of the Companies Act, 2013. Payment due within 90 days.
MCA imposes penalties on Shivsu Canadian Clear Waters Ltd. and SBO for non-submission of Form BEN-1 and BEN-2, as per Section 90 of Companies Act, 2013.
Effective October 27, 2023, companies must designate a person for beneficial ownership disclosure under updated MCA rules. Compliance process outlined.
East Alpha Alliance Technology Pvt Ltd faces a penalty for failing to declare Significant Beneficial Owners under the Companies Act, 2013.
Complete checklist for filing Form BEN-2, including necessary documents, member details, beneficial ownership under Section 90, and digital signatures required.
Government imposes penalties on Majid Al Futtaim Hypermarkets for non-compliance with Section 90 of the Companies Act, 2013, related to significant beneficial ownership.
Registrar of Companies penalized Vonda Technology Pvt Ltd for non-filing of e-form BEN-2 under Section 90 of Companies Act, highlighting compliance requirements.
MCA penalizes SBO for a 1636-day delay in filing BEN-2 and Astrum Stamping Pvt. Ltd. and its director for violating Sections 90(4A) and 90(7) of Companies Act.
