Investigation of ownership: government may appoint inspectors to identify true financial interests and beneficial owners. Section 216 authorises the Central Government to appoint inspectors to investigate a company's ownership and membership to determine the true persons financially interested in, able to control or materially influence, or who are beneficial or significant beneficial owners. The Tribunal may order such investigation during proceedings. The Government may define the investigation's scope or limit it to particular shares or debentures, and inspectors may investigate non binding arrangements or understandings observed in practice that are relevant to the inquiry.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Investigation of ownership: government may appoint inspectors to identify true financial interests and beneficial owners.
Section 216 authorises the Central Government to appoint inspectors to investigate a company's ownership and membership to determine the true persons financially interested in, able to control or materially influence, or who are beneficial or significant beneficial owners. The Tribunal may order such investigation during proceedings. The Government may define the investigation's scope or limit it to particular shares or debentures, and inspectors may investigate non binding arrangements or understandings observed in practice that are relevant to the inquiry.
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