significant beneficial ownership

MCA has vide its circular dated 1st January, 2020 extended the last date for filing of form BEN-2 without paying additional filing fees to 31st March, 2020.

BEN-2 is a form for reporting significant beneficial ownership of the company shareholdings. In line with the international standards on the matter, this reporting aims to delve into the actual ownership of the shareholdings of limited companies. Important especially from the point of view of money laundering situations and financial terrorism, benami transactions being carried out world over and related party transactions.

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