The distinction between the two forms of ownership is not merely a matter of legal definition. Still, it is important to maintain transparency and accountability in adherence to corporate governance norms and regulatory compliance. Lack of clarity in ownership structures can lead to regulatory breaches and may incur heavy penalties. For instance, in the case of LinkedIn Technology Information Private Limited ( 'LinkedIn India' ), the Registrar of Companies ( 'RoC' ) imposed a fine of Rs. 27,10,800 on LinkedIn India, along with its directors and beneficial owners comprising Mr. Satya Nadella and Mr. Ryan Roslansky since they failed to meet disclosure requirements under beneficial ownership norms 1.