LinkedIn appeals corporate ministry's order for SBO norms violation

LinkedIn has appealed against the order of the Corporate Affairs ministry that held it in violation of Significant Beneficial Ownership (SBO) norms and penalised Microsoft’s CEO Satya Nadella and LinkedIn’s chief Ryan Roslansky, among seven others. 

 

A LinkedIn India spokesperson confirmed the development in response to an email query by Business Standard. 

 

On May 22, the Ministry of Corporate Affairs (MCA) imposed a fine of Rs 27.1 lakh on Nadella and eight other executives for violating SBO norms related to LinkedIn Technology Information, according to an order by RoC for Delhi and Haryana. 

 

Company law experts said if Microsoft CEO