Companies Act 2016 · Updated to 31 Jan 2025 · Part II · Formation and Administration of Companies
60D. Duty of beneficial owner of company to provide information
Feedback & supportA person who has reason to believe that he is a beneficial owner of a company shall, as soon as practicable—
beneficial owner
“beneficial owner” means the ultimate owner of the shares and does not include a nominee of any description;
notify the company that he is a beneficial owner of the company; and
provide information as may be prescribed.
A person who is a beneficial owner of a company shall notify the company of any changes in his particulars in the register of beneficial owners of the company.
A person who has ceased to be a beneficial owner of a company shall notify the company, as soon as practicable, of the change by stating—
the date the cessation occurred; and
the particulars of the cessation.
Any person who contravenes this section commits an offence.