SECTION 90. INVESTIGATION OF BENEFICIAL OWNERSHIP OF SHARES IN CERTAIN CASES
[Effective from 1st April, 2014]
Section 90 shall not apply to a Government Company, vide Notification No. GSR 463(E) dated 5th June, 2015.
The above mentioned exception shall be applicable to a government company which has not committed a default in filing its financial statements under section 137 of the said Act or annual return under section 92 of the said Act with the Registrar, vide amendment notification F. No. 1/2/2014- CL-V dated 13th June 2017.
Where it appears to the Central Government that there are reasons so to do, it may appoint one or more competent persons to investigate and report as to beneficial ownership with regard to any share or class of shares and the provisions of section 216 shall, as far as may be, apply to such investigation as if it were an investigation ordered under that section.