The July 2026 Corporate Monthly Deep Dive examines the evolving test of “significant influence or control” for identifying significant beneficial owners, recent judicial and regulatory developments, and the implications for companies and boards.

While the law provides clear numerical thresholds for identifying a significant beneficial owner, the position becomes less certain when it comes to “significant influence or control” — a test for which there is no prescribed numerical threshold.

Our July 2026 Corporate Monthly Deep Dive examines this evolving question, the recent judicial and regulatory developments, and what they mean for companies and their boards.

One takeaway stands out: your organisation chart has become a disclosure document.

In this edition, Sujoy Bhatia, Managing Partner & Head – Corporate/M&A, shares his perspective on the distinction between ownership and control, and why consistency across corporate records, financial statements and regulatory filings matters.