Section 90 of CA 2013 : Section 90: Register Of Significant Beneficial Owners In A Company
CA 2013
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Explanation using Example
Example of Section 90 of The Companies Act, 2013
Imagine there is an individual named John who, through a series of trusts and agreements, effectively controls 30% of the shares of XYZ Pvt. Ltd., a company incorporated in India. John resides in Canada and manages his shareholding through a complex structure to maintain privacy and for estate planning purposes.
Under Section 90 of The Companies Act, 2013, John is considered a significant beneficial owner (SBO) becaus...
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