NEW COMPANY RULES TIGHTEN REPORTING OF SIGNIFICANT BENEFICIAL OWNERSHIP

Published On: 08/03/2019

Authors:

Pallavi Kanakagiri
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.