India (IN)

Jurisdiction Overview

IDQuestionAnswer
473 *BO Update: Is the update of information on the identity of beneficial owners mandatory? Yes
 Data Date: 2019

Notes

 
According to Mondaq: "Any individual, who subsequently becomes a significant beneficial owner in the Relevant Company or whose significant beneficial ownership undergoes any change, is required to file a declaration with the Relevant Company in Form BEN-1 within 30 days of such acquisition or change.[...] Once the Relevant Company receives the declaration from a significant beneficial owner, it is required to file a return in Form BEN-2 with the Registrar of Companies, within 30 days of receipt of such declaration" (mondaq.com).

Sources

http://www.mondaq.com/india/x/804156/Corporate+Commercial+Law/MCA+Introduces+Amended+Rules+For+Significant+Beneficial+Ownership
 
https://www.corporateprofessionals.com/articles/significant-beneficial-ownership/