Supply of information upon change in particulars
Every person carrying on a business shall, within thirty days of the
occurrence of a change, notify the Commissioner of any changes-
- (a) in the place of business, trading name and registered address;
- (b) in the case of-
- (i) an incorporated person, of the persons with shareholding of ten per cent or more of the issued share capital;
- (ii) a nominee ownership, to disclose the beneficial owner of the shareholding;
- (iii) a trust, the full identity and address details of trustees and beneficiaries of the trust whether the entity is carrying out business or not* ; (Finance Act 2022-wef-01-July-2022*)
- (iv) a partnership, the identity and address of all partners; or
- (v) cessation or sale of the business, all relevant information regarding liquidation or details of ownership.
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