Articles for Beneficial Ownership

Regulatory action against Nidhis, non-disclosure of beneficial ownership jump
1 week, 1 day ago

Regulatory action against Nidhis, non-disclosure of beneficial ownership jump

Live Mint  

Regulatory action against Nidhi companies or mutual benefit societies, and firms defaulting on their beneficial ownership disclosure have shot up in 2024 compared to previous years, official data from the Registrars of Companies showed. Surge in regulatory action The RoC action against defaulters of beneficial ownership disclosures also skyrocketed in 2024, with 79 adjudication notices to companies under sections 89 …

India Action Corporate Financial Money Laundering Indian Companies
India growth story has a ‘beneficial ownership’ hurdle
6 months, 1 week ago

India growth story has a ‘beneficial ownership’ hurdle

The Hindu  

Foreign investments will play a crucial role in aiding the government’s goal of a $5 trillion economy by the end of the financial year 2025-26. But, in order to attract foreign investment, it is essential to remove all the bottlenecks for the Indian companies receiving this investment, and also foreign investors who are willing to bet on the India growth …

Law India Investment Indian Companies Foreign Investment Foreign
Navigating Compliances On Significant Beneficial Ownership By Limited Liability Partnerships
10 months, 3 weeks ago

Navigating Compliances On Significant Beneficial Ownership By Limited Liability Partnerships

Live Law  

Ministry of Corporate Affairs vide notification dated October 27, 2023 introduced the Limited Liability Amended Partnership Rules, 2023 modifying the existing Limited Liability Partnership Rules, 2009 to strengthen the mechanism for identifying individuals having beneficial interest in LLPs. Key Compliances under the LLP SBO Rules: Who qualifies as SBO: An individual who acting alone or together or through one or …

India Right Liability Rules State Limited Significant
Yellen says 100,000 firms have joined a business database aimed at unmasking shell company owners
11 months, 2 weeks ago

Yellen says 100,000 firms have joined a business database aimed at unmasking shell company owners

Associated Press  

VIENNA, Va. — Treasury Secretary Janet Yellen announced that 100,000 businesses have joined a new database that collects “beneficial ownership” information on firms as part of a new government effort to unmask shell company owners. Yellen said in remarks Monday that the new Treasury database that is collecting beneficial ownership information sends the message that “the United States is not …

Business Transparency Money Laundering Treasury Owners Fincen Yellen
Anti-money laundering: Sebi releases fresh set of guidelines. Details here
1 year, 2 months ago

Anti-money laundering: Sebi releases fresh set of guidelines. Details here

Live Mint  

The capital markets regulator Securities Exchange Board of India on Friday released a set of amendents on anti-money laundering standards and combating the financing of terrorism. Client is a company: The beneficial owner is the natural persons whether acting alone or together, or through one or more juridical person, has a controlling ownership interest or who exercises control through other …

Trust Money Laundering Money Owner Beneficial Ownership Laundering
Madras HC Holds Execution Petition Over Beneficial Ownership Of Award Debtor In Shares Held Ostensibly By Third Parties Maintainable
2 years, 9 months ago

Madras HC Holds Execution Petition Over Beneficial Ownership Of Award Debtor In Shares Held Ostensibly By Third Parties Maintainable

Live Law  

Madras High Court has recently held that the execution petition filed by a company incorporated in the Republic of Marshall Islands, in pursuance of a foreign arbitral award in its favour, against another company with its registered office in Dubai is maintainable before it.The single-judge bench of Justice Senthilkumar Ramamoorthy has held that the consecutive third execution petition filed. The …

Court Indian Companies Act Interest Company Held Cpc
Impact Of COVID-19 On FDI Regimes: One Year Later
3 years, 6 months ago

Impact Of COVID-19 On FDI Regimes: One Year Later

Live Law  

More than a year ago, we summarized certain changes in foreign direct investment regimes in response to the COVID-19 pandemic in countries other than India. In late-April 2020, the Indian Government issued an amendment to the Indian FDI policy to " opportunistic takeovers/acquisitions of Indian companies due to the current COVID-19 pandemic", pursuant to which: all investments by entities incorporated …

India China Pandemic Indian Investments Amendment Chinese
Beneficial Ownership: A Comparative Analysis
4 years, 1 month ago

Beneficial Ownership: A Comparative Analysis

Live Law  

Under changes to India's foreign direct investment regulations with effect from April 22, 2020, an investment by entities of a country which shares a land border with India or where the beneficial owner of an investment into India is situated in or is a citizen of any such country; and any transfer of ownership of any existing or future foreign …

India China Investment Indian Control Voting Rights Mutual Funds