• The Ministry of Corporate Affairs vide its notification dated July 29, 2019 has hereby extended the due date for filing of Form BEN-2 under the new Significant Beneficial Ownership Rules, 2019 to September 30, 2019 from July 31, 2019.

• The extension provides a big relief to the professionals as the due date was falling with other compliances such as the FLA (Foreign Liabilities and Assets) Return which is required to be filed with RBI through the FLAIR system of RBI.

• The extension comes as many of the professionals were confused regarding the reporting of the form and the details to be filled while filling the form.

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