Section 89 of Companies Act 2013: A Complete Guide
September 19, 2024 ⚊ 1 Min read ⚊ Views 22 ⚊ BUSINESS
The Companies Act 2013 introduced several provisions to enhance corporate governance and transparency in India. One of the key sections that deals with the disclosure of beneficial ownership is Section 89 of the Companies Act 2013. This section mandates shareholders to declare their interest in shares held in a company, either directly or indirectly. By doing so, the Act aims to create a transparent framework to prevent fraudulent activities and ensure that the true owners of shares are known to the company and regulatory authorities.
Tags: Section 89 of Companies Act 2013
