{"id":1168,"date":"2026-07-16T10:36:05","date_gmt":"2026-07-16T10:36:05","guid":{"rendered":"https:\/\/www.mylegalbusiness.com\/blog\/?p=1168"},"modified":"2026-07-16T10:57:50","modified_gmt":"2026-07-16T10:57:50","slug":"ben-2-filing-under-the-companies-act-2013","status":"publish","type":"post","link":"https:\/\/www.mylegalbusiness.com\/blog\/ben-2-filing-under-the-companies-act-2013\/","title":{"rendered":"BEN-2 Filing Under the Companies Act, 2013"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Transparency in ownership is really important. The Companies Act 2013 wants to make sure that companies are honest, about who owns them. The Ministry of Corporate Affairs made some rules to stop people from using companies to launder money or hide who really owns them. They are called Significant Beneficial Ownership rules.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">When someone is a Significant Beneficial Owner they have to inform the company in Form BEN-1. Then the company has to file Form- BEN-2 with the Registrar of Companies.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This article will tell you all about BEN-2 filing. It will explain when you need to do it how long you have to do it what papers you need what happens if you do not do it and it will give you some examples of how it works with Significant Beneficial Ownership.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.mylegalbusiness.com\/blog\/ben-2-filing-under-the-companies-act-2013\/#What_is_BEN-2\" >What is BEN-2?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.mylegalbusiness.com\/blog\/ben-2-filing-under-the-companies-act-2013\/#Legal_Provisions_Governing_BEN-2\" >Legal Provisions Governing BEN-2<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.mylegalbusiness.com\/blog\/ben-2-filing-under-the-companies-act-2013\/#Who_is_a_Significant_Beneficial_Owner_SBO\" >Who is a Significant Beneficial Owner (SBO)?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.mylegalbusiness.com\/blog\/ben-2-filing-under-the-companies-act-2013\/#Meaning_of_Beneficial_Interest\" >Meaning of Beneficial Interest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.mylegalbusiness.com\/blog\/ben-2-filing-under-the-companies-act-2013\/#Applicability_of_BEN-2\" >Applicability of BEN-2<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.mylegalbusiness.com\/blog\/ben-2-filing-under-the-companies-act-2013\/#When_is_BEN-2_Required_to_be_Filed\" >When is BEN-2 Required to be Filed?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.mylegalbusiness.com\/blog\/ben-2-filing-under-the-companies-act-2013\/#Documents_Required_for_BEN-2_Filing\" >Documents Required for BEN-2 Filing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.mylegalbusiness.com\/blog\/ben-2-filing-under-the-companies-act-2013\/#Step-by-Step_Process_for_Filing_BEN-2\" >Step-by-Step Process for Filing BEN-2<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.mylegalbusiness.com\/blog\/ben-2-filing-under-the-companies-act-2013\/#Penalties_for_Non-Compliance\" >Penalties for Non-Compliance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.mylegalbusiness.com\/blog\/ben-2-filing-under-the-companies-act-2013\/#Common_Mistakes_to_Avoid\" >Common Mistakes to Avoid<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.mylegalbusiness.com\/blog\/ben-2-filing-under-the-companies-act-2013\/#Conclusion\" >Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.mylegalbusiness.com\/blog\/ben-2-filing-under-the-companies-act-2013\/#Frequently_Asked_Questions_FAQs\" >Frequently Asked Questions (FAQs)<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_BEN-2\"><\/span><strong>What is BEN-2?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Form BEN-2 is an e-form filed by a company with the Registrar of Companies to report the details of every Significant Beneficial Owner (SBO) as declared by such individual through Form BEN-1.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The filing enables the MCA to maintain a transparent database of individuals who ultimately own or control companies.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Legal_Provisions_Governing_BEN-2\"><\/span><strong>Legal Provisions Governing BEN-2<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">BEN-2 filing is governed by:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Section 90 of the Companies Act, 2013<\/li>\n\n\n\n<li>Companies (Significant Beneficial Owners) Rules, 2018 (as amended)<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The provisions require companies to identify individuals having significant beneficial ownership and report the same to ROC.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_is_a_Significant_Beneficial_Owner_SBO\"><\/span><strong>Who is a Significant Beneficial Owner (SBO)?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">An SBO is an individual who, acting alone, together, or through one or more persons or trusts, possesses one or more of the following rights or entitlements in the reporting company:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Holds 10% or more indirect shares.<\/li>\n\n\n\n<li>Holds 10% or more indirect voting rights.<\/li>\n\n\n\n<li>Has the right to receive or participate in 10% or more distributable dividend or any other distribution.<\/li>\n\n\n\n<li>Exercises significant influence.<\/li>\n\n\n\n<li>Exercises control.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The individual may also hold direct interest along with indirect interest.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Meaning_of_Beneficial_Interest\"><\/span><strong>Meaning of Beneficial Interest<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Beneficial interest means the right or entitlement of a person to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Exercise rights attached to shares, or<\/li>\n\n\n\n<li>Receive dividends or other distributions,<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">even if the shares are registered in another person&#8217;s name.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Applicability_of_BEN-2\"><\/span><strong>Applicability of BEN-2<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">BEN-2 is applicable to every reporting company that has received a declaration from an SBO in Form BEN-1.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The obligation lies on the company, not on the individual SBO.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"When_is_BEN-2_Required_to_be_Filed\"><\/span><strong>When is BEN-2 Required to be Filed?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A company must file BEN-2 whenever:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A new SBO is identified.<\/li>\n\n\n\n<li>Existing SBO details change.<\/li>\n\n\n\n<li>Change in beneficial ownership percentage.<\/li>\n\n\n\n<li>Change in control or significant influence.<\/li>\n\n\n\n<li>Any modification in particulars declared in BEN-1.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Timeline for Filing BEN-2<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company must file BEN-2 within 30 days from the date of receipt of Form BEN-1 from the Significant Beneficial Owner.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Failure to adhere to the timeline may attract penalties.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_Required_for_BEN-2_Filing\"><\/span><strong>Documents Required for BEN-2 Filing<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Generally, the following documents are attached:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Form BEN-1 received from SBO<\/li>\n\n\n\n<li>Declaration by SBO<\/li>\n\n\n\n<li>Board Resolution authorizing filing<\/li>\n\n\n\n<li>Organization chart (if required)<\/li>\n\n\n\n<li>Shareholding pattern<\/li>\n\n\n\n<li>Identification documents of SBO (where applicable)<\/li>\n\n\n\n<li>Any supporting documents explaining ownership structure<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Information to be Furnished in BEN-2<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The form generally contains:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>CIN of the company<\/li>\n\n\n\n<li>Name of company<\/li>\n\n\n\n<li>Registered office<\/li>\n\n\n\n<li>Particulars of SBO<\/li>\n\n\n\n<li>Date of acquiring beneficial ownership<\/li>\n\n\n\n<li>Nature of beneficial interest<\/li>\n\n\n\n<li>Percentage of ownership<\/li>\n\n\n\n<li>Mode of holding<\/li>\n\n\n\n<li>Details of intermediary entities<\/li>\n\n\n\n<li>Details of control or significant influence<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step-by-Step_Process_for_Filing_BEN-2\"><\/span><strong>Step-by-Step Process for Filing BEN-2<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Step 1: Receive BEN-1<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The SBO submits Form BEN-1 to the company.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Step 2: Verify Information<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company verifies:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shareholding structure<\/li>\n\n\n\n<li>Ultimate beneficial ownership<\/li>\n\n\n\n<li>Supporting documents<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Step 3: Pass Board Resolution<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Authorize a director or company secretary to file BEN-2.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Step 4: Prepare BEN-2<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Fill all details of:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Company<\/li>\n\n\n\n<li>SBO<\/li>\n\n\n\n<li>Ownership chain<\/li>\n\n\n\n<li>Nature of interest<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Step 5: Attach Supporting Documents<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Upload all necessary attachments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Step 6: Digital Signing<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The form is digitally signed by:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Director, or<\/li>\n\n\n\n<li>Company Secretary (where applicable)<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Step 7: Professional Certification<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The form is certified by:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Chartered Accountant<\/li>\n\n\n\n<li>Company Secretary<\/li>\n\n\n\n<li>Cost Accountant<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">(in practice)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Step 8: Upload on MCA Portal<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Upload the form and pay prescribed filing fees.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Penalties_for_Non-Compliance\"><\/span><strong>Penalties for Non-Compliance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Penalty on Company<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Where a company fails to comply with Section 90 requirements, it shall be liable to penalties as prescribed under the Companies Act, 2013.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Penalty on SBO<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If an SBO fails to make the required declaration, penalties may also apply.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Additionally, the company may apply to the Tribunal for restrictions on the concerned shares under Section 90.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Important Exemptions<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The SBO Rules generally do not apply where the shares are held through certain exempt entities, such as:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Central Government<\/li>\n\n\n\n<li>State Government<\/li>\n\n\n\n<li>Local Authorities<\/li>\n\n\n\n<li>Reporting companies<\/li>\n\n\n\n<li>Investment Vehicles regulated by:\n<ul class=\"wp-block-list\">\n<li>SEBI<\/li>\n\n\n\n<li>RBI<\/li>\n\n\n\n<li>IRDAI<\/li>\n\n\n\n<li>PFRDA<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Subject to satisfaction of prescribed conditions under the SBO Rules.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Practical Examples<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Example 1<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">ABC Pvt. Ltd. has a shareholder company.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mr. A ultimately owns 75% of the shareholder company.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Since Mr. A indirectly holds more than 10% in ABC Pvt. Ltd., he qualifies as an SBO.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">BEN-1 must be submitted by Mr. A and BEN-2 must be filed by ABC Pvt. Ltd.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Example 2<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mr. B directly owns 15% shares in XYZ Pvt. Ltd.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Since he holds only direct ownership without the prescribed indirect holding required under the SBO Rules (unless covered by the applicable criteria), he may not qualify as an SBO merely because of direct shareholding.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Common_Mistakes_to_Avoid\"><\/span><strong>Common Mistakes to Avoid<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Missing the 30-day filing deadline.<\/li>\n\n\n\n<li>Incorrect ownership chain.<\/li>\n\n\n\n<li>Ignoring indirect holdings.<\/li>\n\n\n\n<li>Filing without verifying BEN-1.<\/li>\n\n\n\n<li>Wrong percentage calculations.<\/li>\n\n\n\n<li>Incomplete attachments.<\/li>\n\n\n\n<li>Failure to update changes in beneficial ownership.<\/li>\n\n\n\n<li>Assuming only shareholding matters while ignoring control and significant influence.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The BEN-2 filing is really important for companies to follow the rules. Companies need to make sure they know who the real owners of the company are, which is what we call Significant Beneficial Owners of the company. They have to get these owners to fill out a form called BEN-1 on time. Then they have to send this information to the Registrar of Companies which&#8217;s in charge of keeping track of all the companies before the deadline, for BEN-2 filing. If companies do this and keep records and check the ownership of the company regularly they can avoid getting in trouble and follow the rules of the Companies Act, 2013 for BEN-2 filing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs\"><\/span><strong>Frequently Asked Questions (FAQs)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>1. What is Form BEN-2?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Form BEN-2 is an e-form filed by a company with the Registrar of Companies to report the details of its Significant Beneficial Owners under Section 90 of the Companies Act, 2013.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>2. Who is required to file BEN-2?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company (reporting company) is responsible for filing BEN-2 after receiving Form BEN-1 from the Significant Beneficial Owner.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>3. What is the due date for filing BEN-2?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">BEN-2 must be filed within 30 days from the date of receipt of Form BEN-1 by the company.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>4. Is BEN-2 applicable to all companies?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It applies to reporting companies that have Significant Beneficial Owners under the Companies Act and the Companies (Significant Beneficial Owners) Rules, 2018.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>5. What is the threshold for becoming an SBO?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">An individual is generally considered an SBO if they hold, indirectly or together with any direct holdings, 10% or more of shares, voting rights, distributable dividend rights, or exercise significant influence or control over the reporting company.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>6. What is the difference between BEN-1 and BEN-2?<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>BEN-1:<\/strong> Declaration made by the Significant Beneficial Owner to the company.<\/li>\n\n\n\n<li><strong>BEN-2:<\/strong> Return filed by the company with the Registrar of Companies based on the declaration received in BEN-1.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>7. Is professional certification mandatory for BEN-2?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Yes. BEN-2 is required to be digitally certified by a practicing Chartered Accountant, Company Secretary, or Cost Accountant.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>8. What happens if BEN-2 is not filed?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Failure to file BEN-2 may attract penalties under Section 90 of the Companies Act, 2013, and the company may also face regulatory action for non-compliance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>9. Can BEN-2 be filed without receiving BEN-1?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">No. BEN-2 is filed only after the company receives a declaration in Form BEN-1 from the Significant Beneficial Owner.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>10. What documents should be maintained by the company for BEN-2 compliance?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company should retain Form BEN-1, supporting ownership documents, board resolutions, shareholding records, organizational charts (where applicable), and any evidence used to determine the beneficial ownership structure.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"has-pale-cyan-blue-background-color has-background wp-block-paragraph\"><strong>ALSO READ<\/strong><\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.mylegalbusiness.com\/blog\/whole-time-director-vs-managing-director\/\"><strong>Whole-Time Director vs Managing Director<\/strong><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.mylegalbusiness.com\/blog\/board-of-directors\/\"><strong>Board of Directors: Composition, Powers and Legal Duties under the Companies Act, 2013<\/strong><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.mylegalbusiness.com\/blog\/appointment-of-managing-director-under-companies-act-2013\/\"><strong>Step-By- Step Process of Appointment of Managing Director Under Companies Act 2013<\/strong><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.mylegalbusiness.com\/blog\/appointment-of-nominee-directors\/\"><strong>Appointment of Nominee Directors: Roles, Responsibilities and Associated Risks<\/strong><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.mylegalbusiness.com\/blog\/how-to-conduct-a-valid-board-meeting\/\"><strong>How to Conduct a Valid Board Meeting: Quorum, Notice, and Resolution Requirements<\/strong><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.mylegalbusiness.com\/blog\/buy-back-of-securities\/\"><strong>Buy Back of Securities<\/strong><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.mylegalbusiness.com\/blog\/process-of-share-transfer-in-a-private-limited-company\/\"><strong>Step by step process of share transfer in a Private Limited Company<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Transparency in ownership is really important. The Companies Act 2013 wants to make sure that companies are honest, about who owns them. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1170,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[],"class_list":["post-1168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies-act-2013"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BEN-2 Filing Under the Companies Act, 2013<\/title>\n<meta name=\"description\" content=\"Complete guide to BEN-2 filing under the Companies Act, 2013, including significant beneficial ownership rules and MCA filing process.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mylegalbusiness.com\/blog\/ben-2-filing-under-the-companies-act-2013\/\" \/>\n<meta property=\"og:locale\" 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