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Unveiling the Complex Web of Corporate Ownership: A Detailed Examination of Significant Beneficial Ownership and Contemporary Trends July 2, 2024
Published in: Articles
DISCLAIMER: The material contained in this publication is solely for information and general guidance and not for advertising or soliciting. The information provided does not constitute professional advice that may be required before acting on any matter. While every care has been taken in the preparation of this publication to ensure its accuracy, Vaish Associates Advocates neither assumes responsibility for any errors, which despite all precautions, may be found herein nor accepts any liability, and disclaims all responsibility, for any kind of loss or damage arising on account of anyone acting / refraining to act by placing reliance upon the information contained in this publication.
In the landscape of corporate governance and regulatory compliance in India, the concept of significant beneficial ownership (“SBO”) has lately emerged as a critical focal point. This heightened attention is primarily due to a series of rigorous actions taken by the various Registrar of Companies (“RoCs”) against notable entities, including multinational giants such as LinkedIn and Samsung. These developments underscore the increasing importance for businesses to thoroughly understand and adhere to SBO regulations not only to maintain transparency but also to avoid punitive measures.
PS: This article was originally published in The Indian Business Law Review, Volume 2, Issue 1, ISSN: 2583-8148. For more insightful articles, please visit https://iblronline.com/volume-2-issue-1/.
The authors of the article are:
Mr. Bomi F. Daruwala
Joint Managing Partner
[email protected]
Mr. Krishna Kishore
Partner
[email protected]
