what is the real definition of significant beneficial ownership?

    Posted By : Abhilash / Published on : 25-Jul-2018 04:34 AM / View : 74 / Comment : 1
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    As per the circular from MCA ,

    Significant beneficial ownership is defined as :-

    "significant beneficial owner” means an individual referred to in sub-section (1) of section 90 (holding ultimate
    beneficial interest of not less than ten per cent.) read with sub-section (10) of section 89, but whose name is not
    entered in the register of members of a company as the holder of such shares"



    Now the question is if any natural person holds 10% share of the company then he shall be regarded as beneficial owner or not?
    (as the definition says SBO are those who have 10% or more interest in company and whose name is not mentioned in the register of member of the company.
    Read more on : ownership beneficial significant definition real

    • In my view, a natural person can be an SBO only under certain circumstances. Like, in the case of Transmission of Shares or Holding of Shares by a Trustee.

      28-07-2018 / 07:36:10 PM
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