The 'Significant Beneficial Owners' (SBO) rules recently issued by the ministry of corporate affairs for Limited Liability Partnerships (LLPs) will bring more transparency to investment structures. The rules require LLPs to identify and report on ultimate owners, strengthening disclosure frameworks. Previously, this requirement only applied to companies under the Companies Act. LLPs gaining popularity as investment vehicles in India necessitated regulations to ensure transparency and curb illicit financing. The challenge lies in obtaining data from beneficial owners residing outside India.
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/b3Ni9Cz
Subscribe to:
Post Comments (Atom)
Dow soars over 1,300 pts, Sensex 900 pts
Indian markets surged on Tuesday, with the Sensex closing above 80,000 points, fueled by a global rally following Donald Trump's victory...
-
A woman, in her early 20s, was stabbed to death by a man in southeast Delhi's Bhogal area on Friday evening, following which the accused...
-
Collecting Lego — yes, the plastic toys made of interlocking bricks that become cars and castles and robots —returned more than large stocks...
-
The Delhi High Court on Thursday dismissed the pleas of TTV Dhinakaran and VK Sasikala challenging the Election Commission's order grant...
No comments:
Post a Comment