TMI BlogDeclaration in respect of beneficial interest in any share.X X X X Extracts X X X X X X X X Extracts X X X X ..... ch 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 specifying the nature of his interest, parti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... able 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 declaration under this section is made to a company, the company shall make a note of such declaration in the register c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... failure continues. (8) No right in relation to any share in respect of which a declaration is required to be made under this section but not made by the beneficial owner, shall be enforceable by him or by any person claiming through him. (9) Nothing in this section shall be deemed to prejudice the obligation of a company to pay dividend to its members under this Act and the said ..... X X X X Extracts X X X X X X X X Extracts X X X X
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