Corporate Affairs Ministry slaps fines on LinkedIn India, Nadella, 8 others for companies law violations
₹27,10,800 on LinkedIn Technology Information Pvt Ltd or LinkedIn India, Nadella, LinkedIn CEO Ryan Roslansky and seven other individuals.For SBO norms violations, a penalty of ₹7 lakh has been slapped on LinkedIn India. Fines of ₹2 lakh each have been imposed on Nadella and Roslansky, respectively.Other individuals who have been fined are Keith Ranger Dolliver, Benjamin Owen Orndorff, Michelle Katty Leung, Lisa Emiko Sato, Ashutosh Gupta, Mark Leonard Nadres Legaspi and Henry Chining Fong."Also, the company and its officers failed to even send a notice [which was mandatorily required to be sent] as per rule 2A (2) of the Companies (Significant Beneficial Owners) Rules, 2018 leading to a contravention of section 90(5) for which penalty has been provided under section 450.
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