BEN Clarification please

    Posted By : Shreya Maheshwari / Published on : 26-Jul-2019 12:09 PM / View : 117 / Comment : 1
    Print button
    Dear All,

    In a Private Limited Company, the following is the shareholding;

    Mr. A (individual) - 4.03%
    HUF (Mr. A is Karta) - 27.96%

    Mr. B (individual) - 3.32%
    HUF (Mr. B is Karta) - 13.27%

    Now, will BEN Rules be applicable in both the cases?
    Read more on : please clarification

    • Dear Member,

      Yes, SBO Rules will be applicable in both the cases and Mr. A and B are required to file form BEN-1 as Mr. A and B are significant beneficial owner, as per the explanation to the definition of Significant Beneficial owner and directly or indirectly, they hold more than 10% of the shareholding of the reporting company.

      26-07-2019 / 01:07:33 PM

Other Queries from Shreya Maheshwari

Unanswered Queries
Latest Queries
Like us on Facebook
Follow Us on Twitter

We are always here to help you. Don’t hesitate to contact us anytime!

011-42345111 or