Provisions and enforcement dates relating to beneficial ownership reporting framework under Companies (Amendment) Act 2024 for Private Companies

The provisions relating to beneficial ownership reporting are found under the new Division 8A and amendments to section 68 of the Companies Act 2016.  These provisions will be implemented in two (2) phases. 

The new Division 8A will be enforced on 1 April 2024. whilst paragraphs 68(3)(ia) & (ib) and paragraphs 576 (2)(ha) & (hb) will be enforced on a later date to be determined by the Registrar.

More information :

1. Guidelines for the Reporting Framework for Beneficial Ownership of Companies
2. Case Studies and Illustrations of the Guidelines for the Reporting Framework for Beneficial Ownership of Companies
3. Electronic Beneficial Ownership System ​(e-BOS)​​
4. Companies (Amendment) Act 2024
5. ​Practice Directive No. 9/2024: Lodgement of Beneficial Ownership Information under the Companies Act 2016 Through e-BOS
6. FAQ Beneficial Ownership​​
7. FAQ Companies (Amendment) Act 2024