Rule 3 Declaration of significant beneficial ownership in shares under section 90.
- Chapter
- I · Declaration and Return
- Text as on
- 14 August 2026
3. Declaration of significant beneficial ownership under section 90.-
(1) On the date of commencement of the Companies (Significant Beneficial Owners) Amendment Rules, 2019, every individual who is a significant beneficial ownerDefined in rule 2(h): significant beneficial owner in relation to a reporting company means an individual referred to in sub section (1) of section 90, who is acting alone or together, or through one or more persons or trust, possesses one or more of the following rights or entitlements in such reporting company, namely: (i) holds indire... in a reporting companyDefined in rule 2(f): reporting company means a company as defined in clause (20) of section 2 of the Act, required to comply with the requirements of section 90 of the Act, shall file a declaration in FormDefined in rule 2(c): form means the form specified in Annexure to these rules No. BEN-1 to the reporting companyDefined in rule 2(f): reporting company means a company as defined in clause (20) of section 2 of the Act, required to comply with the requirements of section 90 of the Act within ninety days from such commencement.
(2) Every individual, who subsequently becomes a significant beneficial ownerDefined in rule 2(h): significant beneficial owner in relation to a reporting company means an individual referred to in sub section (1) of section 90, who is acting alone or together, or through one or more persons or trust, possesses one or more of the following rights or entitlements in such reporting company, namely: (i) holds indire.../ or where his significant beneficial ownership undergoes any change shall file a declaration in FormDefined in rule 2(c): form means the form specified in Annexure to these rules No. BEN-1 to the reporting companyDefined in rule 2(f): reporting company means a company as defined in clause (20) of section 2 of the Act, required to comply with the requirements of section 90 of the Act, within thirty days of acquiring such significant beneficial ownership or any change therein.
Explanation.- Where an individual becomes a significant beneficial ownerDefined in rule 2(h): significant beneficial owner in relation to a reporting company means an individual referred to in sub section (1) of section 90, who is acting alone or together, or through one or more persons or trust, possesses one or more of the following rights or entitlements in such reporting company, namely: (i) holds indire..., or where his significant beneficial ownership undergoes any change, within ninety days of the commencement of the Companies (Significant Beneficial Owners) Amendment Rules, 2019, it shall be deemed that such individual became the significant beneficial ownerDefined in rule 2(h): significant beneficial owner in relation to a reporting company means an individual referred to in sub section (1) of section 90, who is acting alone or together, or through one or more persons or trust, possesses one or more of the following rights or entitlements in such reporting company, namely: (i) holds indire... or any change therein happened on the date of expiry of ninety days from the date of commencement of said rules, and the period of thirty days for filing will be reckoned accordingly.