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Who is an ultimate beneficiary owner (UBO)?
UBO is an individual who holds 10% or more of the shareholding, capital, or profits in a company. They own or control a company or legal entity, even if the ownership is indirect. SEBI mandates UBO identification as part of the KYC process, and these individuals must submit the UBO Annexure.
Below is a table showing the documents required for UBO submission:
If an individual holds 10% or more: | UBO annexure – Signed by the UBO and authorized person (with seal and signature) on the second page. |
Self-attested PAN copy of the UBO. | |
Self-attested address proof of the UBO. | |
If no individual qualifies as UBO: | The senior managing official may be considered as the UBO, and they must submit the required documents mentioned above. |
If an entity holds 10% or more: | UBO annexure – signed by the authorized person (with seal and signature) and all shareholders holding 10% or more. |
Self-attested PAN and address proof of all shareholders holding 10% or more. | |
Latest shareholding pattern (on company letterhead) with the signature of a Whole-Time Director or Individual Promoters. |
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