New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following is identified as  “ beneficial

    owner” for a company , u nder the RBI’s KYC guidelines ?
    A Any individual with more than 15% ownership Correct Answer Incorrect Answer
    B Any individual with more than 20% ownership Correct Answer Incorrect Answer
    C Any member of the company’s board of directors Correct Answer Incorrect Answer
    D Any natural person holding more than 10% shares or controlling the company’s policies Correct Answer Incorrect Answer
    E All of the above 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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