Disclosure of Beneficial Ownership Now Required for all Indian Companies

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Last month, India’s central Ministry of Corporate Affairs issued new regulations prescribing detailed requirements for identifying the individuals who hold ultimate control over a company.

The Companies Significant Beneficial Owners Regulations 2018 require Indian company or business Beneficial Owners that are considered to be noteworthy or influential to declare and record the nature of their interest to that company, whereby the noteworthy threshold has now been lowered from 25% to 10%.