Filing deadline for shareholder declarations: leniency permitted for bona fide initial delays despite strict statutory timeframe. Companies must file prescribed returns with the Registrar of Companies within the statutory period following declarations filed by shareholders not holding beneficial interest. The requirement is triggered by the shareholders' declarations and mandates submission in prescribed forms; administrative guidance permits officials to adopt a lenient approach for bona fide initial delays despite the statutory timeframe, to prevent hardship in implementation.
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.
Filing deadline for shareholder declarations: leniency permitted for bona fide initial delays despite strict statutory timeframe.
Companies must file prescribed returns with the Registrar of Companies within the statutory period following declarations filed by shareholders not holding beneficial interest. The requirement is triggered by the shareholders' declarations and mandates submission in prescribed forms; administrative guidance permits officials to adopt a lenient approach for bona fide initial delays despite the statutory timeframe, to prevent hardship in implementation.
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