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Significant beneficial owner
Corporate & Other Laws
What is the meaning of this point
Answers (1)
We know there is a time limit within which SBO has to file a declaration. This parah was relevant at the time of commencement of SBO rules - not it is not relevant. It mentions that if individual becomes SBO or Significant Beneficial ownership changes within 90 days of commencement of SBO rules, than it would be assumed that change happened on the date of expiry of 90 days and thus, time period for filing of declaration will start therafter.
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