The Ministry of Corporate Affairs (MCA) has released Notification No. G.S.R. 404 on July 15, 2024, to announce the Companies (Significant Beneficial Owners) Amendment Rules, 2024. These updated rules are set to enhance the transparency and accountability of beneficial ownership in companies and will be effective from August 1, 2024.
"In exercise of the powers conferred by section 90 read with sub-sections (1) and (2) of section 469 read with section 90 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Significant Beneficial Owners) Rules, 2018, namely:-
1. (1) These rules may be called the Companies (Significant Beneficial Owners) Amendment Rules, 2024.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Companies (Significant Beneficial Owners) Rules, 2018, in Annexure, for Form No. BEN-2 , the following Form shall be substituted."
Complete Notification has been attached
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