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    <title>Scope of the section relating to declaration by persons not holding beneficial interest in share</title>
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    <description>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&#039; 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.</description>
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      <description>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&#039; 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.</description>
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