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Taking a deeper look at changes to SBO regime

By Saket Shukla and Akshay Sachthey, Phoenix Legal
The Companies Act, 2013 (act) was amended in 2018 to introduce a regime for significant beneficial owners (SBO) of shares or companies. The SBO regime aims to identify ultimate individual owners behind corporate structures...

Clarity on SBO rules adds to compliance burden

By Siddharth Nair and Ritwik Mukherjee, Shardul Amarchand Mangaldas & Co
This article analyses the changes brought about to the positions set out in an earlier article (SBO Rules: Lack of clarity may hamper compliance, published in India Business Law Journal, February 2019) following the...

SBO Rules: Lack of clarity may hamper compliance

By Siddharth Nair and Ritwik Mukherjee, Shardul Amarchand Mangaldas & Co
Based on recommendations of the Financial Action Task Force, the Ministry of Corporate Affairs (MCA), in order to identify the ultimate beneficial owner of shares in investments made through multi-layered structures, notified the Companies...

Clarifications awaited on changes to SBO regime

By Aparna Ravi and Surabhi Rao, Samvad Partners
On 13 June 2018, the Ministry of Corporate Affairs (MCA), released the Companies (Significant Beneficial Ownership) Rules, 2018. The rules, along with amendments to sections 89 and 90 of the Companies Act, 2013, marks...

Vagueness in SBO rules could affect implementation

By Ritika Ganju and Tushar Thimmiah, Phoenix Legal
Governments struggle to combat money laundering, terrorism funding and threats to the integrity of global financial systems. Complex cross-border corporate vehicles are used to facilitate illegal activities, allowing the anonymous movement of illicit funds...
law firms

Leaders of the pack

India Business Law Journal reveals the top international law firms for India-related matters. Vandana Chatlani reports. Five years ago, when Prime Minister Narendra Modi first came to power he was described by former CNN New...

India Inc slow to embrace IIoT, finds survey

Indian businesses seem to be taking a wait-and-see approach towards the adoption of industrial internet of things (IIoT), according to a recent report by Osborne Clarke. The report surveyed 40 senior executives in manufacturing,...

Significant beneficial ownership rules revamped

The Ministry of Corporate Affairs (MCA), on 8 February 2019, notified the Significant Beneficial Ownership (Amendment) Rules, 2019, (amended rules) which overhauled the amended section 90 of the Companies Act, 2013, notified June 2018. Section...

The Brexit puzzle

Sherina Petit and Nosherwan Vakil explore how Indian businesses can manage the challenges and opportunities presented by Britain's EU exit After several rounds of negotiations, the Brexit process in the UK has reached an impasse....

Rising Stars 2018

50 law firms that are on the ascent by Rebecca Abraham Ask any in-house lawyer to name India’s most reputed law firms and most will mention the six or seven that have for long dominated the...