valid as on 21/07/2019

7.2.7. The Companies (Significant Beneficial Owners) Rules,2018

The reporting company shall apply to the Tribunal, –

(i) where any person fails to give the information required by the notice in , within the time specified therein; or

(ii) where the information given is not satisfactory,

in accordance with sub-section (7) of section 90, for order directing that the shares in question be subject to restrictions, including –

(a) restrictions on the transfer of interest attached to the shares in question;
(b) suspension of the right to receive dividend or any other distribution in relation to the shares in question;
(c) suspension of voting rights in relation to the shares in question;
(d) any other restriction on all or any of the rights attached with the shares in question.

7. Application to the Tribunal

The company may apply to the Tribunal in accordance with sub-section (7) of section 90, for order directing that the shares in question be subject to restrictions, including –

(a) restrictions on the transfer of interest attached to the shares in question;

(b) suspension of the right to receive dividend in relation to the shares in question;

(c) suspension of voting rights in relation to the shares in question;

(d) any other restriction on all or any of the rights attached with the shares in question.

Substituted vide the Companies (Significant Beneficial Owners) Amendment Rules, 2019 dated 08.02.2019. To view the Notification, Click Here
To view the form, Click Here

The Companies (Significant Beneficial Owners) Amendment Rules, 2019 dated 08.02.2019


Form No. BEN-4 (Substituted vide notification dated 08.02.2019)


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