Regulation 41 — Return for change in shareholding etc

Subject to the provisions of sub-section (4)
of section 465 of the Act, a company other than a listed company, shall inform the registrar about any
change of more than twenty five percent in its shareholding or membership or voting rights as per
Form-3 within fifteen days after the day on which the threshold of more than twenty five percent is
reached:
Provided that in case of transfer of shares of more than twenty five percent, Form-3
shall be supported by an affidavit on stamp paper, confirming the correc tness of the contents
contained therein, duly signed by the person who has signed Form-3 and attested by an oath
commissioner and witnessed.