https://www.taxtmi.com/acts?id=30750 Individuals meeting the prescribed beneficial-interest threshold or exercising significant influence are significant beneficial owners and must declare particulars to the company; companies must maintain a register, allow prescribed inspection, and file returns with the Registrar. Companies may serve notices on persons believed to be significant beneficial owners or knowledgeable of them, requiring responses within thirty days; failure or unsatisfactory replies permits the company to apply to the Tribunal for restrictions on transfers and suspension of rights, and the Tribunal may order or later relax such measures. Penalties apply for non-declaration, register or filing defaults, denial of inspection, and for wilful falsehoods. en-us Tue, 01 Aug 2017 17:50:35 +0530 Tue, 01 Aug 2017 17:50:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=30750 Individuals meeting the prescribed beneficial-interest threshold or exercising significant influence are significant beneficial owners and must declare particulars to the company; companies must maintain a register, allow prescribed inspection, and file returns with the Registrar. Companies may serve notices on persons believed to be significant beneficial owners or knowledgeable of them, requiring responses within thirty days; failure or unsatisfactory replies permits the company to apply to the Tribunal for restrictions on transfers and suspension of rights, and the Tribunal may order or later relax such measures. Penalties apply for non-declaration, register or filing defaults, denial of inspection, and for wilful falsehoods. Act-Rules Bills Tue, 01 Aug 2017 17:50:35 +0530 https://www.taxtmi.com/acts?id=30750