MCA has issued a notification on 29th July, 2019 extending the last date for submission of BEN-2 form from 31st July, 2019 to 30th September, 2019.
Its good that MCA extended the last date because the form BEN-2 had too many complications, which the MCA was unable to understand and resolve. For eg. in one company, at the reporting company level, the member was a foreign company, but the ultimate holding was with a trust. So when we enter other body corporate as the member, we are unable to choose trustee as the SBO. This is an anomaly. This also shows the complexity of organisation structures created worldwide.
Secondly, the SBO id is not being pre-filled - so this is supposedly another technical issue, which I hope they sort it out soon.
This is a complicated form where the parties are totally reluctant to give out any information. In most cases the information has to come from abroad, which is taking a lot of time.
A copy of the notification can be found at the MCA site.
Its good that MCA extended the last date because the form BEN-2 had too many complications, which the MCA was unable to understand and resolve. For eg. in one company, at the reporting company level, the member was a foreign company, but the ultimate holding was with a trust. So when we enter other body corporate as the member, we are unable to choose trustee as the SBO. This is an anomaly. This also shows the complexity of organisation structures created worldwide.
Secondly, the SBO id is not being pre-filled - so this is supposedly another technical issue, which I hope they sort it out soon.
This is a complicated form where the parties are totally reluctant to give out any information. In most cases the information has to come from abroad, which is taking a lot of time.
A copy of the notification can be found at the MCA site.
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