{"id":3328,"date":"2025-11-24T13:44:46","date_gmt":"2025-11-24T13:44:46","guid":{"rendered":"https:\/\/bhatiabhola.com\/?p=3328"},"modified":"2025-11-24T13:44:47","modified_gmt":"2025-11-24T13:44:47","slug":"ibbi-discussion-paper-on-template-for-declaration-of-beneficial-ownership-and-section-32a-affidavit-to-be-submitted-by-prospective-resolution-applicant-pra","status":"publish","type":"post","link":"https:\/\/bhatiabhola.com\/index.php\/blog\/2025\/11\/24\/ibbi-discussion-paper-on-template-for-declaration-of-beneficial-ownership-and-section-32a-affidavit-to-be-submitted-by-prospective-resolution-applicant-pra\/","title":{"rendered":"IBBI, Discussion Paper on Template for declaration of Beneficial Ownership and Section 32A Affidavit to be submitted by Prospective Resolution Applicant (PRA)\u00a0"},"content":{"rendered":"\n<p>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\u2019s 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.<\/p>\n\n\n\n<p><a href=\"https:\/\/ibbi.gov.in\/uploads\/whatsnew\/e22f299cdc9290dec85eb355501873ca.pdf\"><em>(Link: IBBI Discussion Paper Dated 06\/11\/2025)<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The proposal mandates every PRA to file a statement of beneficial ownership, identifying all natural persons who ultimately own or [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[66,71],"tags":[],"class_list":["post-3328","post","type-post","status-publish","format-standard","hentry","category-ibbi","category-circulars-ibbi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IBBI, Discussion Paper on Template for declaration of Beneficial Ownership and Section 32A Affidavit to be submitted by Prospective Resolution Applicant (PRA)\u00a0 - Bhatia Bhola &amp; 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