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Ultimate beneficial owner of the company

Ajnas (Student) (844 Points)

29 August 2020

natural person who were ultmate beneficial owner what it means?

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dhiraj kabra (article) (217 Points)
Replied 29 August 2020

Majority shareholders who are ultimate owners of company

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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"