Significant Beneficial Ownership (SBO) aims to uncover the real individuals who, directly or indirectly, own, control, or significantly influence a company or LLP. Governed by Section 90 of the Companies Act, 2013 and SBO Rules, 2018, a person is deemed an SBO if they hold (alone or jointly, directly or indirectly) at least 10% of shares, voting rights, distributable income, or have s... https://www.skmcglobal.com/blog/sbo-compliance-and-when-it-is-needed