In the recent past, an increased number of ultra-high net worth individuals and families started using jurisdictions outside India such as Singapore and Dubai to open ‘family offices’ to utilise a...
Published On: 08/03/2019
Authors:
The recently-introduced Companies (Significant Beneficial Owners) Amendment Rules, 2019, have been published in the Official Gazette. They have been introduced to identify individuals who have a significant holding or interest in a corporate entity, and to bring clarity to the previous rules. INDUSLAW’s Pallavi Kanakagiri, Khusnuma Nagwaswalla and Suvarna Swain discuss their key features and their possible impact.
