Answer-Under the RBI’s KYC guidelines, “beneficial owner” for a company is identified as_...

The beneficial owner of a company, under RBIs KYC guidelines, is defined as a natural person with more than 10 ownership in shares, capital, or profits, or someone who exercises control over management or policy decisions of the company.

Question

Under the RBI’s KYC guidelines, “beneficial owner” for a company is identified as_________.

A Any individual with more than 5% ownership

B Any member of the company’s board of directors

C Any natural person holding more than 10% shares or controlling the company’s policies

D The CEO of the company

E The largest individual shareholder

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Under the RBI’s KYC guidelines, “beneficial owner” for a company is identified as_________.

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