MCA bats for shareholders’ privacy, restricts access to personal information on register of members

In a significant decision, the Corporate Affairs Ministry (MCA) has said that companies need not make available certain personal information of shareholders to those who inspect their register of members. The information barred from sharing includes e-mail ID, unique identification number, PAN, and address or registered address (in case of a body corporate) of shareholders.

Against this backdrop, Abhishek Sanyal, Partner at Economic Laws Practice (ELP) has been quoted by BusinessLine in their article titled ‘MCA bats for shareholders’ privacy, restricts access to personal information on register of members.’ Abhishek is of the opinion that the amendment would ensure the privacy of the personal information of shareholders.

Read the detailed article here: Click here