LLP SBO Rules

[Manish S]

Dear All,

We had an LLP that has partners as per below kindly confirm whether SBO would be ABC Private Ltd Shareholders or XYZ beneficiaries since its is a trust.

[Premnarayan Tripathi]

Dear Friend,

 

In my view, the following compliance would be required in this case:

 

1. Rule 22B. Declaration in respect of beneficial interest in any contribution | Filing of declarations under Form 4B and Form 4C, and thereafter filing of Form 4D with the ROC. (as per MCA notification dt. 27^th Oct. 2023), and

 

2. SBO Rules: If Mr. X holds a ‘majority’ stake in ABC Pvt. Ltd., he will be considered as the SBO. (as per MCA notification dt. 9^th Nov., 2023)

 

Thanks & Regards,

 

Premnarayan Tripathi (CS & IP)

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[Manish S]

Dear All,

Please can anyone advice?