Informative

MCA Issues Circular Launching E-Form MGT-6 And BEN-2 In MCA-21 Version 3.0 From 15.07.2024

Update / Judgement Date

08 Jul 2024

Source

Live Law

Author

Team — WCP Legal Desk

Reading Time

1 min read

Corporate ComplianceCorporate Law & GovernanceInsolvency & Bankruptcy Code

The Ministry of Corporate Affairs (MCA) has introduced e-Form MGT-6 and BEN-2 under MCA-21 Version 3.0 for reporting significant beneficial ownership. This initiative aims to enhance corporate governance by streamlining disclosures related to beneficial ownership, aligning with global standards. The circular mandates companies to comply with these new reporting requirements to ensure transparency and prevent misuse of corporate structures for illegal activities. This move is part of ongoing efforts to strengthen regulatory frameworks under the Companies Act, 2013.

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MCA Issues Circular Launching E-Form MGT-6 And BEN-2 In MCA-21 Version 3.0 From 15.07.2024

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