Dear all.
Company had filed BEN form in 2019 declaring direct and indirect holding of individual. In 2020 there was change in direct holding but no change in indirect holding. However company missed to file form BEN for change in direct holding.
What can be done now ?
Filing BEN-2 Form for Changes in Shareholding If your company missed filing the BEN-2 form for changes in direct holding, you can take the following steps:
Option 1: File BEN-2 Form Now - *File the BEN-2 form*: Submit the form with the updated direct holding information. -
*Pay applicable fees*: Pay any fees associated with late filing.
Option 2: Apply for Condonation of Delay - *File an application*: Submit an application to the Ministry of Corporate Affairs (MCA) for condonation of delay. - *Explain the reason*: Provide a valid reason for the delay in filing the BEN-2 form. -
*Pay applicable fees*: Pay any fees associated with the application.
Additional Requirements - *Update other forms*: Ensure other forms, such as the MGT-7 (Annual Return), are updated with the correct shareholding information. -
*Maintain records*: Keep accurate records of all filings and correspondence with the MCA [1]. Recommendations -
*Verify Requirements*: Confirm the specific requirements for filing the BEN-2 form and any additional documentation needed. -
*Timely Filing*: Ensure timely filing of all forms and returns to avoid penalties and fines.
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