India Strengthens Transparency on Company Ownership: MCA Updates SBO Disclosure Requirements

The Ministry of Corporate Affairs (MCA) issued a new notification, amending the Companies (Significant Beneficial Owners) Rules, 2018 and amending the Companies (Management and Administration) Rules, 2014. This significant update introduces changes, particularly in the filing requirements for Form No. MGT-6. This significant update and introduces crucial changes, particularly in the filing requirements for Form No. BEN-2 and MGT-6.

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