Ultimate beneficial owner of the company
Ajnas (Student) (844 Points)
29 August 2020
natural person who were ultmate beneficial owner what it means?
2 Replies
dhiraj kabra
(article)
(217 Points)
Replied 29 August 2020
Majority shareholders who are ultimate owners of company
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 30 August 2020
For instance, A Ltd is a target company, whose SBO is to be identified.
Y, a partnership firm is a registered member of A Ltd holding 25% of its share capital. And Z Pvt Ltd is holding 25% share capital in A Ltd. so, both Y and Z Pvt Ltd is shareholders along with other individuals ( natural person) shareholders
Further, D and E (both individual) is a partner at Y, partnership firm. And F and G is a Shareholder of Z Pvt Ltd.
So, For A Ltd... D, E, F, G is "natural person who were ultmate beneficial owner"
Y, a partnership firm is a registered member of A Ltd holding 25% of its share capital. And Z Pvt Ltd is holding 25% share capital in A Ltd. so, both Y and Z Pvt Ltd is shareholders along with other individuals ( natural person) shareholders
Further, D and E (both individual) is a partner at Y, partnership firm. And F and G is a Shareholder of Z Pvt Ltd.
So, For A Ltd... D, E, F, G is "natural person who were ultmate beneficial owner"
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