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.
