Lex comply

    Query regarding SBO

    Posted By : damini / Published on : 07-Dec-2019 05:57 AM / View : 123 / Comment : 0
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    Dear Members,

    Please help solving below mentioned query:

    In a ABC Pvt. Ltd. (Indian Company) (Reporting company) there are 2 shareholders (foreign companies) (PQR Oy holding 99%) and (DEF Oy holding 1% shares)

    In PQR Oy 2 other companies holds shares (EFG Oy holding 60% shares ) (HIJ Oy holding 40% shares)

    In EFG Oy there are 4 individual shareholders X holding 33.33%, Y holding 33.33%, Z holding 33% and W holding 0.34%

    All X, Y, Z and W are relatives.

    Please clarify who shall be SBO in above mentioned scenario.

    You are requested to reply as soon as possible.
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