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of <h1>Exempting government, holding-company, and regulated fund shareholdings from SBO checks u/r 8, with BEN-2 filing still required</h1> Rule 8 excludes the Companies (Significant Beneficial Owners) Rules, 2018 from applying, to the extent shares of a reporting company are held by specified persons or entities, namely the authority constituted under section 125(5) of the Act, the reporting company's holding reporting company, the Central Government, any State Government or local authority, and any reporting company, body corporate or entity controlled by the Central Government and/or one or more State Governments; in such cases, SBO identification and related compliance under these Rules are not required for that holding. Where shares are held by a holding reporting company, its details must nevertheless be filed in Form BEN-2. The exemption also covers SEBI-registered investment vehicles and investment vehicles regulated by RBI, IRDAI or PFRDA, with the same consequence of non-applicability for such holdings.
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