In a previous article Companies to file Form BEN-2 to ROC to Declare Significant Beneficial Owners (SBO) [Read Here], we provided information about how the Ministry of Corporate Affairs (MCA) amended Companies Significant Beneficial Owners (SBO) Rules, 2018 in February 2019. The goal of this amendment is to simplify the identification of a company’s SBOs. …
On 8th February 2019, the Ministry of Corporate Affairs (MCA) amended Companies (Significant Beneficial Owners) Rules, 2018 to make it easier for the MCA to identify the key owners of a company. The new rules are meant to provide clarity to determine individuals or entities that are Significant Beneficial Owners (SBO) of a company. They …
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The government is considering giving another opportunity to 2.1 million company directors who have failed to comply with the ‘know your customer’ (KYC) norms, according to a senior official. The government could give another 15 days for meeting the compliance norms or reduce the penalty for late filing, the official said, requesting not to be …
2.1 million Company directors may get another chance to adhere to KYC rules Read More »
