https://www.taxtmi.com/caselaws?id=290890 The Tribunal in CP 82 of 2019 addressed compliance with Section 90 of the Companies Act, 2013, and the Companies (Significant Beneficial Owners) Rules, 2018. M/s. Golden Tobacco Ltd. sought restrictions on shares of M/s. J.P. Financial Services Pvt. Ltd. for non-compliance. The Respondent's defense was rejected, emphasizing the need for SBO disclosures. The Tribunal dismissed the Respondent's application seeking relief, directing compliance with disclosure requirements. The Respondent was instructed to recognize and disclose SBOs to avoid penalties. Upon compliance with Form No. BEN-1, the interim order would be vacated, with no costs awarded. en-us Wed, 15 Jan 2020 00:00:00 +0530 Wed, 21 Oct 2020 09:29:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290890 The Tribunal in CP 82 of 2019 addressed compliance with Section 90 of the Companies Act, 2013, and the Companies (Significant Beneficial Owners) Rules, 2018. M/s. Golden Tobacco Ltd. sought restrictions on shares of M/s. J.P. Financial Services Pvt. Ltd. for non-compliance. The Respondent's defense was rejected, emphasizing the need for SBO disclosures. The Tribunal dismissed the Respondent's application seeking relief, directing compliance with disclosure requirements. The Respondent was instructed to recognize and disclose SBOs to avoid penalties. Upon compliance with Form No. BEN-1, the interim order would be vacated, with no costs awarded. Case-Laws Companies Law Wed, 15 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290890