Declaration of significant beneficial ownership under Section 90 and Rule 4 of the Companies (Significant Beneficial Owners) Rules 2018:
Main purpose of this Form is to identify the real owner of the Company.
Form BEN-2 need not to be filed if there is only direct holding of ow..
Watch out your Accounting,
It just takes one moment to capsize the boat
And take it down.
So keep accounting.
Come let's Understand Meaning of Books of Accounts under Various Laws.
UNDER COMPANIES ACT
Amidst of all the big-ticket corruption pertaining to window dressing of the Accounts and failure of the statutory auditors in pointing out the same and in many other cases hand in glove situation between corporate and auditor in concealing the failure of corporate governance pressed the Government ..
Calendar of the Events :
MCA on 15th February 2018, came out with draft of Companies (Beneficial Interest and Significant Beneficial Interest) Rules 2018.
On June 14, 2018, MCA issued the Companies (Beneficial Interest and Significant Beneficial Interest) Rules 2018 and enforced section 90 o..
The concept of Significant Beneficial owner ('SBO') has created a turmoil in Corporate sector ever since it has been introduced under section 90 of Companies Act, 2013 which was substituted by section 22 of the Companies (Amendment) Act, 2017 and was notified on 13th June, 2018. The Government is ..
As per Section 89 of the Companies Act, 2013
'89. (1) Where the name of a person (includes artificial person as well) is entered in the register of members of a company as the holder of shares in that company but who does not hold the beneficial interest in such shares, such person shall make..
Form NFRA - 1 is Available for filing purpose and last date of filing is 31st July 2019. Form is uploaded on NFRA website.
Link of NFRA Website:
Link of notification:
All about Significant beneficial owner
Significant beneficial owner" means an individual referred to in sub-section (1) of section 90, who acting alone or together, or through one or more persons or trust, possesses one or more of the following rights or entitlements in such reporting company, na..
An article of Association is one of the important documents which have to be filed with the Registrar at the time of the incorporation/registration of the company. The articles of association sets out the rules and regulations related to the internal management of the company. The Articles bind the ..