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...
Adjudication order issued for Jain Recycling Pvt Ltd for non-compliance with Section 90 of the Companies Act, 2013. Details of violations and penalties outlined.
GM Elektra Pvt Ltd fined ₹1,88,500 by ROC Mumbai for delayed filing of BEN-2 under Section 90 of the Companies Act, 2013. Directors also face penalties.
Mantle Solutions Pvt Ltd faces penalties for failing to file BEN-2 form under Section 90(4) of the Companies Act. Maximum fine of Rs. 5,00,000 imposed.
The Registrar of Companies Kerala penalized Chemmannur Gold Palace for non-compliance with Section 90(4) of the Companies Act, 2013.
Penalty imposed on Bhadla Three SKP Green Ventures Pvt Ltd for violation of Section 90(4) of Companies Act, 2013. Total penalty: ₹5,91,000.
Learn how to identify Significant Beneficial Owners (SBO) under Indian corporate law. Understand recent updates, compliance obligations, and practical examples.
MCA imposes a ₹10 lakh penalty on Pink Square Real Estate Pvt. Ltd. for delay in filing declarations under Section 89(1) & 89(2) of the Companies Act, 2013.
“Government of India amends Significant Beneficial Owners Rules, 2018. Learn about the changes, effective date, and new Form BEN-2 details.”
Penalty imposed on Paris Elysees India Pvt Ltd and its directors for violating the Companies Act 2013 and Significant Beneficial Owners Rules.
Understand the penalties under Section 90(4) of the Companies Act, 2013 for filing delays of BEN-2 forms. Detailed analysis of Deer Smart India Pvt Ltd’s case.
