Special Projects

Assistance in significant beneficial ownership reporting/compliances

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Special Projects

Overview

The regulatory landscape for Significant Beneficial Ownership (SBO) in India is increasingly complex, requiring companies and LLPs to identify, monitor, and report individuals who hold ultimate control over entities. Non-compliance can lead to penalties, reputational risks, and legal challenges, particularly for companies with layered ownership structures involving trusts, partnerships, or corporate entities. Additionally, companies may face compoundable offences under the Companies Act, requiring careful assessment and support for rectification, and representation to the authorities.

BDO India provides support/assistance with respect to SBO compliance and compounding. We assist businesses in understanding and analysing SBO requirements, reviewing complex ownership chains, maintaining accurate registers, and providing support in filing mandatory forms with the Registrar of Companies.

For compounding, we guide companies through pre-assessment, application drafting, liaison with authorities, hearings, and post-compounding compliance. By combining regulatory expertise, procedural knowledge, and practical experience, BDO ensures businesses remain compliant, mitigate risks, and navigate the intricacies of SBO obligations and compounding efficiently.

How BDO India Can Help

We guide companies and LLPs through SBO compliance and compounding processes, from understanding beneficial ownership requirements and filing mandatory forms to liaising with authorities, ensuring accurate, timely, and risk-free regulatory adherence. 


We provide comprehensive support for SBO compliance and compounding processes:

Support in understanding Significant Beneficial Ownership requirements, review ownership structures, and assess compliance risks, including indirect holdings through trusts, partnerships, or corporate entities.

Support in preparation of filing regulatory filings and maintenance up-to-date records for inspection.

Monitor changes in SBO status within the prescribed 30-day window and keep clients informed of regulatory updates.

Assess compoundable offences under Companies Act and FEMA, guide rectification of defaults, and draft applications in e-Form GNL-1, including affidavits, annexures, and board resolutions.

Liaise with authorities such as the Regional Director or NCLT, attend hearings, and ensure timely issuance of compounding orders

File orders with the ROC in e-Form INC-28 and facilitate discharge of any pending prosecutions

Meet Our Leader

SHASHIDHAR JAYARAMAN

Shashidhar Jayaraman

Chief Executive Officer
Managed Services
View Bio

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