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of <h1>Significant beneficial owners in LLPs must file Form LLP BEN-1 within specified timeframes under the 2023 Rules.</h1> Individuals who are significant beneficial owners in a reporting limited liability partnership (LLP) must file a declaration using Form No. LLP BEN-1 within ninety days of the commencement of the LLP (Significant Beneficial Owners) Rules, 2023. If an individual becomes a significant beneficial owner or experiences changes in ownership thereafter, they must file the declaration within thirty days of the occurrence. For those becoming significant beneficial owners or experiencing changes within ninety days of the rules' commencement, it is considered effective on the ninetieth day, with the thirty-day filing period calculated from that date.
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