India (IN)

Jurisdiction Overview

IDQuestionAnswer
477 *BO Record: Does the registration of domestic limited partnerships comprise information on the beneficial ownership of all partners? No, for some partnerships no beneficial ownership information is recorded.
 Data Date: 2017

Notes

 
According to the Global Forum: "Under the tax laws and the Partnership Laws requirements, the identity of the partners is available, but the requirements do not cover beneficial ownership." (GF 2017: 48). Although the definition of beneficial ownership under the Companies Act, 2013 mentions partnerships, it applies only to situations where partnerships are shareholders of companies (star.worldbank.org).

Sources

GF 2013: 39-40, GF 2017: 48
 
https://star.worldbank.org/sites/star/files/2018-10-18_india_bo_country_guide_-_final.pdf
 
The Limited Liability Partnership Act
 
http://legislative.gov.in/sites/default/files/The%20Limited%20Liability%20Partnership%20Act%2C%202008.pdf
 
https://taxguru.in/company-law/analysis-disclosure-beneficial-interest-companies-act-2013.html