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Mint Quick Edit | Who owns LinkedIn: Bill Gates? Satya Nadella? Ryan Roslansky?
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₹27.1 lakh for failing to disclose their names as significant beneficial owners (SBOs) of LinkedIn Technology Information Pvt Ltd under Indian rules. The company is said to be pleading not guilty.
These individuals, it avers, are doing professional jobs at the board’s pleasure that can be terminated. The RoC’s logic is that SBOs are those who wield significant control and LinkedIn’s management hierarchy qualifies.
If Microsoft’s top brass is baffled, it’s because “controlled companies" (a US term) are not only the norm in India, who holds this control is important data. This muddle over SBOs and the irony of Gates escaping the label should remind us how US and Indian capitalism differ.
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