Significant beneficial ownership requires identifying individuals with substantial indirect or direct rights in company shares or control. Significant beneficial owner (SBO) is an individual who, alone or acting together or through persons or trusts, holds specified indirect or combined direct and indirect rights in a reporting company-meeting threshold tests for shares, voting rights, distributable dividends, or exercising significant influence or control other than through direct holdings; direct holdings include registered or declared beneficial interests, while indirect holdings arise via members such as body corporates, HUFs, partnership entities, trusts, or pooled investment vehicles with specified indicia like majority stake, partner/trustee/beneficiary roles, or control positions.
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.
Significant beneficial ownership requires identifying individuals with substantial indirect or direct rights in company shares or control.
Significant beneficial owner (SBO) is an individual who, alone or acting together or through persons or trusts, holds specified indirect or combined direct and indirect rights in a reporting company-meeting threshold tests for shares, voting rights, distributable dividends, or exercising significant influence or control other than through direct holdings; direct holdings include registered or declared beneficial interests, while indirect holdings arise via members such as body corporates, HUFs, partnership entities, trusts, or pooled investment vehicles with specified indicia like majority stake, partner/trustee/beneficiary roles, or control positions.
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