Question ID : 39313

Benificial Ownership

Whether BEN form is applicable to existing ownership in Private limited Company? Since most of the private limited companies in India is governed by beneficial Owner only in which separate disclosures are already made in financial statements. Despite of these, whether the same is required to be submitted by these Companies? Any exceptions?

BEN form is applicable for disclosing the complete chain of ownership of shares of a particular corporate. If there is no multiple ownership chain then this form is not applicable. This form has been introduced with an intention to have the details of real owner of the corporates.