https://www.sebi.gov.in/legal/circulars/dec-2018/disclosure-of-significant-beneficial-ownership-in-the-shareholding-pattern_41245.html
SEBI has now come out with a circular as per the above link to ask for details of significant beneficial ownership to be provided by companies as part of their quarterly shareholding pattern disclosure under LODR. It will become effective from quarter ended 31st March, 2019.
So this is apart from the BEN1, BEN2 under the Companies Act, 2013 which I believe is not yet notified.
Of course, SEBI regulations will apply to the listed companies only so the listed companies will have to file dual disclosures at the stock exchanges and also with the MCA. So much for "ease of doing business".
SEBI has now come out with a circular as per the above link to ask for details of significant beneficial ownership to be provided by companies as part of their quarterly shareholding pattern disclosure under LODR. It will become effective from quarter ended 31st March, 2019.
So this is apart from the BEN1, BEN2 under the Companies Act, 2013 which I believe is not yet notified.
Of course, SEBI regulations will apply to the listed companies only so the listed companies will have to file dual disclosures at the stock exchanges and also with the MCA. So much for "ease of doing business".
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