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of <h1>LLPs Must Use Form No. LLP BEN-4 to Identify and Record Significant Beneficial Owners per Section 90(5) Rules 2023.</h1> A limited liability partnership (LLP) is required to issue a notice using Form No. LLP BEN-4 to gather information about significant beneficial owners. This requirement is in accordance with sub-section (5) of section 90, as applied to LLPs by the relevant notification. The rule is part of the Limited Liability Partnership (Significant Beneficial Owners) Rules, 2023, which mandates LLPs to identify and maintain records of individuals who have significant control or ownership in the partnership.
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