New Delhi, May 28 -- In an unprecedented move, Microsoft-owned professional networking platform LinkedIn was served a show cause notice and penalized for what the Registrar of Companies (RoC) under the ministry of corporate affairs believed was non-disclosure of significant beneficial ownership of group companies in the Indian entity even though they did not directly hold shares in it.

Those penalised include Microsoft CEO Satya Nadella and LinkedIn Corp global CEO Ryan Roslansky who were classified as significant beneficial owners of LinkedIn Technology Information Pvt Ltd, the Indian entity. The government body sees Microsoft and LinkedIn Corp as the ultimate holding companies of the Indian entity. The RoC order also noted that the Ind...