Change of direct holding of SBO

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.