Query : SBO - WOS

    Posted By : damini / Published on : 12-Dec-2019 10:50 AM / View : 26 / Comment : 0
    Print button
    This is regarding SBO - query relating to Wholly owned subsidiary (WOS) ;

    There are two wholly owned subsidiaries in Indian wherein in both same foreign companies are shareholders with same percentage

    1) In (A) Pvt Ltd (Indian Company) there are two foreign company as shareholders :
    Foreign Company ... (I) holding 64%
    Foreign Company ... (II) holding 36%

    2) In (B) Pvt Ltd (Indian Company) there are two foreign company as shareholders :
    Foreign Company ... (I) holding 64%
    Foreign Company ... (II) holding 36%

    Now , following are the queries:

    1. whether both the Indian WOS will have to file BEN 2 as reporting company

    2. Whether to find out that who is holding majority stake in Foreign Company (I) and (II)

    3. If in case no person or member is holding majority stake in FC (I) & (II) then NO SBO filing is required or WOS will have to file declaration that none of the members are SBO or only record it in Board meeting for records.

    4. Whether FC as Holding company any filing is required.

    Members views are kindly solicited
    Read more on : query



    Other Queries from damini
    What's New on

    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 ask@compliancecalendar.in