Home / Company Law / Rule Detail

Application to the Tribunal

Company Law The Companies (Significant Beneficial Owners) Rules,20l8 Rule

The reporting company shall apply to the Tribunal,

(i) where any person fails to give the information required by the notice in Form No. BEN-4, within the time specified therein; or

(ii) where the information given is not satisfactory,

in accordance with sub-section (7) of Section 90, for order directing that the shares in question be subject to restrictions, including

(a) restrictions on the transfer of interest attached to the shares in question;

(b) suspension of the right to receive dividend or any other distribution in relation to the shares in question;

(c) suspension of voting rights in relation to the shares in question;

(d) any other restriction on all or any of the rights attached with the shares in question]

Amendment

1.Substituted bvthe Companies (Significant Beneficial Owners) Amendment Rules. 2019 Dated 08.02.2019 Original Content

Original Omitted Content:- 7. Application to the Tribunal

The cornpany may apply to the Tribunal in accordance with sub-section (7) of section 90, for order directing that the shares in question be subject to restrictions, including -

(a) restrictions on the transfer of interest attached to the shares in question;

(b) suspension of the right to receive dividend in relation to the shares in question;

(c) suspension of voting rights in relation to the shares in question;

(d) any other restriction on all or any of the rights attached with the shares in question


Author's Detail

Name ARPIT KUMAR GUPTA
Email [email protected]
Location

cheap air jordans|pompy wtryskowe|cheap huarache shoes| bombas inyeccion|cheap jordans|cheap air max| cheap sneakers|wholesale jordans|cheap china jordans|cheap wholesale jordans|cheap jordans