Declaration in respect of beneficial interest in any share.

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....ficial interest in such shares, such person shall make a declaration within such time and in such form as may be prescribed to the company specifying the name and other particulars of the person who holds the beneficial interest in such shares.      (2) Every person who holds or acquires a beneficial interest in share of a company shall make a declaration to the company spec....

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....ation as required under sub-section (1) or sub-section (2) or sub-section (3), without any reasonable cause, he shall be punishable with fine which may extend to fifty thousand rupees and where the failure is a continuing one, with a further fine which may extend to one thousand rupees for every day after the first during which the failure continues.      (6) Where any decla....