Quick Summary
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),
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FAQ :
These are updated rules introduced by the Ministry of Corporate Affairs (MCA) to enhance the transparency and accountability of beneficial ownership in companies.
The Companies (Significant Beneficial Owners) Amendment Rules, 2024, will be effective from August 1, 2024.
The primary change is the substitution of Form No. BEN-2 in the Annexure of the Companies (Significant Beneficial Owners) Rules, 2018.
The Ministry of Corporate Affairs (MCA) issued these amendment rules.
The purpose is to enhance the transparency and accountability of beneficial ownership in companies.
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