Who is an Ultimate Beneficial Owner (UBO)?

UBO is an individual who holds 10% or more of the shareholding, capital, or profits in a company. They own or control a company or legal entity, even if the ownership is indirect. SEBI mandates UBO identification as part of the KYC process, and these individuals must submit the UBO Annexure.

Below is a table showing the documents required for UBO submission:

If an individual holds 10% or more:	UBO annexure – Signed by the UBO and authorized person (with seal and signature) on the second page.
	Self-attested PAN copy of the UBO.
	Self-attested address proof of the UBO.
If no individual qualifies as UBO:	The senior managing official may be considered as the UBO, and they must submit the required documents mentioned above.
If an entity holds 10% or more:	UBO annexure – signed by the authorized person (with seal and signature) and all shareholders holding 10% or more.
	Self-attested PAN and address proof of all shareholders holding 10% or more.
	Latest shareholding pattern (on company letterhead) with the signature of a Whole-Time Director or Individual Promoters.