Outline 

Form BEN-2 is the declaration that a company is required to file with the registrar under section 90 of the Companies Act, 2013. This declaration is with respect to the Significant Beneficial owners of the company disclosing their interest in the company by way of shareholding or voting rights.The Companies (Significant Beneficial Owners) Rules, 2018 require every company to file a return in Form BEN-2 for all the shareholders who hold 10% or more shares in the company. This is a one time return for all existing significant business owners

Companies or other entities which are exempted from filing BEN-2

1. Section 125(5), Authority constituted by the central government.
2. Holding reporting company, provided that the detail of such reporting company shall be reported in BEN-2
3. Central Government/ State Government/ Local Government
4. Reporting Company/ body corporate / any entity controlled by the Central Government/ State Government/ Local Government SEBI / RBI etc

Meaning of SBO (Significance Beneficial Owner)

Person who holds following rights in a company is an SBO according to the provisions of Section 90 of the Companies Act, 2013

• 10% holding shares, or
• 10% voting Right by directly and indirectly, or
• right to receive 10% dividend of the total distribution of dividend on indirect holding, or
• together direct holding or significant influence or control.

Purpose of filing BEN-2

The purpose of filing BEN-2 are as under-

1. Main purpose of this Form is to identify the real owner of the Company.
2. Form BEN-2 need not to be filed if there is only direct holding of owners in the Company.
3. Once we File Form BEN-2, SBO (Significant Beneficial Owner) ID will be generated by MCA System.

Details Required for filing BEN-2

Following details required to file BEN-2

1. No. of members (Individual/Company/HUF/LLP/P’ship firm/Trust/Body Corporate) holding Indirect as well as Direct holding in company including joint holding.
2. Name, address, PAN No., Passport No., E-mail ID of members. (CIN/LLPIN in case of member is a Company/LLP)
3. Date of acquiring Significant Beneficial Ownership by member in Company.
4. Date of entry of name of member in register of Company. 
5. Details of holding company having SBOs’ and details of its SBOs’.
6. Declaration in BEN-1 from SBOs’ and date of receipt of declaration by Company.

We help you to file your BEN-2  with complete online support. You need not to step outside your home and we guide you to enter into the business world hasselfree. At TaxMyTax, our team helps you to understand the concept and documentation require to file the form. 

• Documentation as per Companies Act 2013
• Professional Assistance
• Dedicated Team
• Time required: 4-5 working days
• 100% Online Process