Declaration in Respect of Beneficial Interest in any Share

                                                    Where the name of a person is entered in the register of members of a company as the holder of shares in that company but who does not hold the beneficial interest in such shares, such person shall make a declaration within such time and in such form  to the company specifying the name and other particulars of the person who holds the beneficial interest in such shares LLP Registration.

                                                   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, particulars of the person in whose name the shares stand registered in the books of the company and such other particulars. Where any change occurs in the beneficial interest in such shares, the person referred to in and the beneficial owner specified in  shall, within a period of thirty days from the date of such change, make a declaration to the company in such form and containing such particulars  LLP Registration.

                                                    The Central Government  provide for the manner of holding and disclosing beneficial interest and beneficial ownership under this section. If any person fails, to make a declaration as required under , without any reasonable 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. Where any declaration under this section is made to a company, the company shall make a note of such declaration in the register concerned and shall file, within  from the date of receipt of declaration by it, a return  with the Registrar in respect of such declaration with such fees or additional fees LLP Registration.

                                               If a company, required to file a return under , fails to do so before the expiry of the time specified , the company and every officer of the company who is in default shall be punishable with fine which shall not be less than five hundred rupees but which may extend to one 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.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 LLP Registration.