Corporate affairs ministry slaps fines on LinkedIn India

New Delhi, May 23, 2024.

The corporate affairs ministry on Wednesday slapped fines on Microsoft-owned LinkedIn India, Satya Nadella and eight other individuals for violation of the significant beneficial owner norms under the companies law.

Nadella is the chief of Microsoft, which acquired the professional networking platform LinkedIn in December 2016.

In a 63-page order, the Registrar of Companies ((NCT of Delhi & Haryana) said that LinkedIn India and the individuals violated the Significant Beneficial Owner (SBO) norms under the Companies Act, 2013.