The proposal mandates every PRA to file a statement of beneficial ownership, identifying all natural persons who ultimately own or control the applicant, including the full ownership structure and jurisdictions, based on the Reserve Bank of India’s KYC Master Direction. Further, PRAs must submit an affidavit declaring eligibility under Section 32A. The draft template includes exemptions for listed entities where ownership details are already publicly available through SEBI or equivalent regulatory filings. The Feedback/ comments from stakeholders are invited.