UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G/A

(Amendment No. 5)

Under the Securities Exchange Act of 1934

 

DUO WORLD, INC.

(Name of Issuer)

 

Common Stock, $.001 Par Value

(Title of Class of Securities)

 

266037 100

(CUSIP Number)

 

March 31, 2023

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

[  ] Rule 13d-1(b)

 

[  ] Rule 13d-1(c)

 

[X] Rule 13d-1(d)

 

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

  

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

 

 

 

 
 

 

CUSIP No.: 266037 100 13G/A Page 2 of 6 Pages

 

1

NAMES OF REPORTING PERSONS                                  Muhunthan Canagasooryam

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): Voluntarily withheld

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

(a) [  ]  

(b) [X] 

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

Sri Lanka

       

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH:

 

 5 SOLE VOTING POWER 85,000,000 (1)
     
6 SHARED VOTING POWER -0-
     
7 SOLE DISPOSITIVE POWER 85,000,000 (1)
     
8 SHARED DISPOSITIVE POWER 

-0- 

 

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

85,000,000 (1)

 

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) [  ]

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11).

62.00 % of Common Stock

 

12

TYPE OF REPORTING PERSON (See Instructions) IN

 

 

 

  (1)

Includes 35,000,000 shares of Common Stock. Includes 5,000,000 shares of Series A Preferred Stock, each share of which is entitled to one (1) vote per share on all matters presented for a vote of shareholders. These votes are cast along with the votes cast by holders of the issuer’s Common Stock and not as a separate class. Each share of Series A Preferred Stock is currently convertible into 10 shares of the issuer’s Common Stock. In accordance with Rule 13d-3, these 5,000,000 shares of Series A Preferred Stock equate to 50,000,000 shares of Common Stock. These 50,000,000 shares are included in both the numerator and denominator for purposes of calculating Mr. Canagasooryam’s beneficial ownership in the issuer’s Common Stock.

 

Page 2 of 6

 

 

13G/A

 

Item 1.

 

  (a) Name of Issuer
     
    Duo World, Inc.
     
  (b) Address of Issuer’s Principal Executive Offices
     
   

c/o Duo Software (Pvt.) Ltd., No. 6, Charles Terrace, Off Alfred Place, Colombo 03, Sri Lanka.

 

Item 2.

 

  (a) Name of Person Filing
     
    Muhunthan Canagasooryam, President of Duo World, Inc.
     
  (b) Address of Principal Business Office or, if none, Residence
     
   

No. 6, Charles Terrace, Off Alfred Place

    Colombo 03, Sri Lanka

 

  (c) Citizenship
     
    Sri Lanka
     
  (d) Title of Class of Securities
     
    Common Stock, $.001 par value
     
  (e) CUSIP Number
     
    266037 100

 

Item 3. If this statement is filed pursuant to section 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

(a) [  ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
     
(b) [  ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
     
(c) [  ] Insurance company as defined in section 3(a)19 of the Act (15 U.S.C. 78c).
     
(d) [  ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
     
(e) [  ] An investment advisor in accordance with section 240.13d-1(b)(1)(ii)(E).
     
(f) [  ] An employee benefit plan or endowment fund in accordance with section 240.13d-1(b)(1)(ii)(F).
     
(g) [  ] A parent holding company or control person in accordance with section 240.13d-1(b)(1)(ii)(G).
     
(h) [  ] A savings association as defined in section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).
     
(i) [  ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).
     
(j) [  ] Group, in accordance with section 240.13d-1(b)(1)(ii)(J).

 

Page 3 of 6

 

 

13G/A

 

Item 4. Ownership

 

  (a) Amount beneficially owned.
     
    See item 9 on Cover Page to this Schedule 13G/A.
     
  (b) Percent of class:
     
    See item 11 on Cover Page to this Schedule 13G/A. The percentages reported are based on 88,375,838 shares of Common Stock outstanding as of the date of this Schedule 13G/A, and take into account the immediate conversion rights afforded to the holders of Series A Preferred Stock (10 shares of Common Stock for each shares of Series A Preferred Stock ).
     
  (c) Number of shares as to which such person has:

 

  (i) Sole power to vote or to direct the vote
     
    See item 5 on Cover Page to this Schedule 13G/A.
     
  (ii) Shared power to vote or to direct the vote
     
    See item 6 on Cover Page to this Schedule 13G/A.
     
  (iii) Sole power to dispose or to direct the disposition of
     
    See item 7 on Cover Page to this Schedule 13G/A.
     
  (iv) Shared power to dispose or to direct the disposition of
     
    See item 8 on Cover Page to this Schedule 13G/A.

 

Item 5. Ownership of Five Percent or Less of a Class

 

Not applicable.

 

Item 6. Ownership of More than Five Percent on Behalf of Another Person

 

Not applicable.

 

Item 7. Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company

 

Not applicable.

 

Page 4 of 6

 

 

13G/A

 

Item 8. Identification and Classification of Members of the Group

 

Not applicable.

 

Item 9. Notice of Dissolution of Group

 

Not applicable.

 

Item 10. Certification

 

Not applicable.

 

Special Note:

 

Please direct any questions you may have about this filing to my attorney, David E. Wise, Esq., WiseLaw, P.C., 9901 IH-10 West, Suite 800, San Antonio, Texas 78230. Tel.: (210) 323-6074.

 

Page 5 of 6

 

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Date: May 1, 2023

 

  /s/ Muhunthan Canagasooryam
  Signature
   
  Muhunthan Canagasooryam
  Name
   
  An Individual

 

Page 6 of 6

 

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