Cyril Amarchand Mangaldas updates

Significant beneficial ownership – India's pivot towards disclosure
Cyril Amarchand Mangaldas
  • Private Client & Offshore Services
  • India
  • 09 May 2019

Following the recommendations of the Financial Action Task Force, India has introduced a statutory requirement for the identification and disclosure of significant beneficial owners, whether Indian or foreign, of every company incorporated in India. This is a landmark development which will lead to a significant push towards transparency.

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