Effective October 13, the Government rolled out an automated system for notification of details of beneficial owners of companies. In addition, the company registration portal has been updated to require a person incorporating a new company to provide among other details, the company’s total ownership, the direct ownership details, the voting rights by each shareholder expressed as a percentage of the company’s total voting rights, the type of control/influence a particular shareholder would have in the company and the type of right that the particular shareholder may have to appoint/remove directors

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