SEBI Comes Out With Disclosure Format For Significant Beneficial Owners
Listed companies will have to make disclosures about details pertaining to significant beneficial owners in a prescribed format, the Securities and Exchange Board of India said on Friday.
This will come into effect from the quarter-ended March, the market regulator said in a circular. As per SEBI, listed entities need to disclose details such as name, permanent account number and nationality of the significant beneficial owner as well as registered owner.
Among other disclosures are details of the shares in which significant beneficial interest is held by the beneficial owner and date of acquisition of significant beneficial interest. The move is aimed at bringing transparency to investors.
Significant Beneficial Owner is a person who is not a registered shareholder of the company but the person either individually or jointly owns at least 10 percent stake in the company or directly or indirectly exercises significant control over the company.
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High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
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Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
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Where You Live Shapes How You Get To Work | The Reason Why
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Unhedged Position: Can India See An Indonesia-Style Time Correction?
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Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
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India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
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France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
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You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
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Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
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FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.