Rule 7 - Application to the Tribunal - Companies (Significant Beneficial Owners) Rules, 2018

1 [7. Application to the Tribunal.- The reporting company shall apply to the Tribunal, - (i) where any person fails to give the information required by the notice in Form No. BEN-4, within the time specified therein; or (ii) where the information given is not satisfactory, in accordance with sub-section (7) of section 90 , for order directing that the shares in question be subject to restrictions, including - (a) restrictions on the transfer of interest attached to the shares in question; (b) suspension of the right to receive dividend or any other distribution in relation to the shares in question; (c) suspension of voting rights in relation to the shares in question; (d) any other restriction on all or any of the rights attached with the shares in question. ] ********** Notes 1. Substituted vide Notification No. F. No. 1/1/2018 CL-V dated 08.02.2019 before it was read as 7. Application to the Tribunal.- The company may apply to the Tribunal in accordance with sub-section (7) of section 90 , for order directing that the shares in question be subject to restrictions, including - (a) restrictions on the transfer of interest attached to the shares in question; (b) suspension of the right to receive dividend in relation to the shares in question; (c) suspension of voting rights in relation to the shares in question; (d) any other restriction on all or any of the rights attached with the shares in question.