Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 03 JUNE 2024

SBO Declarations: A Significant Compliance Challenge – Part 2

Obhan Mason
Explore more from Obhan Mason

Following an order in the matter of Leixir Resources Private Limited (discussed in our article here), the NCT of Delhi and Haryana has issued yet another order dealing...

IndiaCorporate/Commercial Law
Ashima Obhan
Ashima Obhan
Aparna Amnerkar
Aparna Amnerkar
Author LinkedIn connections

Following an order in the matter of Leixir Resources Private Limited (discussed in our article here), the NCT of Delhi and Haryana has issued yet another order dealing with the aspect of significant beneficial owner1 ("SBO") and has discussed 'significant influence' and 'control' required to establish the status of SBOs under the Companies Act, 2013 ("Act") and the Companies (Significant Beneficial Owners) Rules, 2018 ("Rules").

In the present matter, LinkedIn Technology Unlimited Company ("LinkedIn Technology") and LinkedIn Ireland Unlimited Company ("LinkedIn Ireland") were reported to be the registered holder and beneficial owner, respectively, in respect of 1 (one) share in LinkedIn Technology Information Private Limited ("LinkedIn India"). Microsoft Corporation, USA ("Microsoft") is the ultimate holding company of LinkedIn India and Mr. Satya Nadella ("Mr. Nadella") is the CEO and Chairman of Microsoft. LinkedIn Corporation, USA ("LinkedIn Corporation"),

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

CCPS In India: Why Compulsorily Convertible Preference Shares Remain Central To Venture Capital And M&A Transactions

Compulsorily Convertible Preference Shares (CCPS) remain one of the most widely used instruments for venture capital and private equity investments in Indian companies. Their appeal lies in the ability to combine equity classification with negotiated economic and governance protections. But CCPS are not governed by a single, standalone statutory framework. Their legal treatment is instead shaped by the Companies Act, FEMA and foreign investment rules, tax law, and, where applicable, SEBI regulations.
IndiaCorporate/Commercial Law
King, Stubb & Kasiva
King, Stubb & Kasiva
Article

FCRA Amendment Rules, 2026: Key Changes And Practical Implications

AZB & Partners provides important disclaimers regarding the nature and purpose of their website, clarifying that no solicitation or advertising has occurred and that the information is provided solely at the user's request. The firm outlines the limitations of the website content and emphasizes that accessing it does not create a lawyer-client relationship. Users are informed about their responsibilities when using the site and the firm's intellectual property rights over the content.
IndiaCorporate/Commercial Law
AZB & Partners
AZB & Partners
Article

Overview Of The Consumer Protection (E-Commerce) (Amendment) Rules, 2026

Argus Partners maintains offices in Mumbai, New Delhi, and Bengaluru, providing legal services across India's major business centers. The firm operates under strict Bar Council of India regulations that prohibit solicitation and advertising, with this website serving purely informational purposes. Users must acknowledge that no attorney-client relationship is created through website access and should seek independent legal advice for specific matters.
IndiaCorporate/Commercial Law
Argus Partners
Argus Partners