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of <h1>Significant beneficial owner rules for companies: 10% threshold, indirect holding tests, 'acting together' deeming for section 90 compliance</h1> Defines key terms for the Companies (Significant Beneficial Owners) Rules, 2018, including 'control' (as under the Companies Act, 2013), 'majority stake' (more than one-half of equity share capital, voting rights, or distributable dividend/distribution rights), 'partnership entity', and 'reporting company' (a company required to comply with section 90). Prescribes when an individual is a 'significant beneficial owner' of a reporting company: holding, directly and/or indirectly, at least 10% of shares, voting rights, or distributable dividend/distribution, or exercising significant influence or control other than through direct holdings alone, with detailed tests for indirect holdings through body corporates, HUFs, partnerships, trusts, and certain pooled investment vehicles, and deeming rules for persons 'acting together'; specified convertible instruments are treated as 'shares', thereby determining who must be identified for section 90 compliance.
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