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    Question

    Under the RBI’s KYC guidelines, “beneficial owner”

    for a company is identified as_________.
    A Any individual with more than 5% ownership Correct Answer Incorrect Answer
    B Any member of the company’s board of directors Correct Answer Incorrect Answer
    C Any natural person holding more than 10% shares or controlling the company’s policies Correct Answer Incorrect Answer
    D The CEO of the company Correct Answer Incorrect Answer
    E The largest individual shareholder Correct Answer Incorrect Answer

    Solution

    The beneficial owner of a company, under RBI’s 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.

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