Fema / RBI : Explore RBI's updated Master Directions on KYC for individuals: Strengthening compliance, combating fraud, and enhancing financial...
SEBI : SEBI extends the deadline for physical security holders to submit KYC documents. Find out the new submission deadline, actions for...
Company Law : Discover essentials of Director KYC for fiscal year 2023-24. Learn about DIN, filing requirements, and consequences of non-complia...
Company Law : Discover the essential considerations for professionals while preparing, verifying, and certifying e-form DIR-3 KYC. Learn about t...
SEBI : Stay compliant with SEBIs latest norms effective April 1, 2023. Learn about processing investor service requests, furnishing PAN, ...
Corporate Law : Shri Piyush Goyal calls for a Single window portal for doing robust common KYC system for Stock Brokers, Mutual Fund and depositor...
Corporate Law : Highlight: -As per the new orders, Aadhaar-based e-KYC process has been reintroduced for issuing new mobile connections. -Telecom ...
Company Law : BJP professional cell, Mumbai has requested FM that The KYC for DIN Of Director should be once in 5 years or linked to be Aadhar e...
Corporate Law, Finance : Norms of Aadhaar KYC are eased, not of the Change of Address in Aadhaar Norms of Aadhaar KYC are eased for opening of bank account...
Company Law : As part of updating its registry, MCA is conducting KYC of all Directors of all companies annually through a new eform viz. DIR-3 ...
SEBI : SEBI issues circular SEBI/HO/MIRSD/SECFATF/P/CIR/2024/79 regarding uploading of KYC information by KRAs to CKYCRR, modifying KYC n...
SEBI : Discover the list of entities permitted to utilize Aadhaar e-KYC authentication services in the securities market as sub-KUA, as p...
SEBI : SEBI Circular announces addition of 4 entities for e-KYC Aadhaar Authentication in securities market. Learn about the implications...
Fema / RBI : Discover latest amendment by RBI to the Master Direction (MD) on KYC and its implications for regulated entities. Stay updated wit...
Corporate Law : Learn about the PFRDA's recent announcement on Aadhaar verification under PMLA. Understand the responsibilities of Reporting Entit...
On a review, it has been decided to include the following documents in the indicative list of required documents for opening accounts of proprietary concern: The complete Income Tax return (not just the acknowledgement) in the name of the sole proprietor where the firm’s income is reflected, duly authenticated/ acknowledged by the Income Tax Authorities. Utility bills such as electricity, water, and landline telephone bills in the name of the proprietary concern.
All the members of Institute of Chartered Accountants of India (ICAI), who are in practice, are hereby informed that the Council has formulated the following Know Your Client Norms (KYC norms) at it’s 307th Meeting held on 13th July, 2011, which shall be recommendatory in nature, and apply only in case of attest function.
Capital market regulator Sebi on Thursday approved a uniform customer identification process for investors in different segments, and also decided to accept Aadhaar or UID as one of the eligible documents for fulfilling the KYC norms.
In the alleged Rs 400-crore fraud by a senior employee at a Gurgaon branch of Citibank, RBI is probing whether there have been any violations of norms related to customer verification and monitoring of accounts. The initial probe by the banking regul
KYC-Compliance: CDSL Ventures (CVL), a wholly-owned subsidiary of Central Depository Services-India (CDSL), has been appointed by the mutual fund industry to do KYC verification of investors. So, an investor needs to submit the following mandatory do
A Ministry of Finance, Government of India, notification dated the 16 of December 2010 has recognized Aadhaar number issued by the Unique Identification Authority of India (UIDAI) as an “officially valid document” to satisfy the Know Your Customer (K
A.P. (DIR Series) Circular No. 28 Authorised Persons (Indian Agents) were advised to take into account risks arising from the deficiencies in AML/CFT regime of certain jurisdictions, as identified in FATF Statement (www.fatf-gafi.org) issued from time to time, while dealing with individuals from these jurisdictions.
Know Your Customer (KYC) norms/ Anti-Money Laundering (AML) standards/ Combating the Financing of Terrorism (CFT)/ Obligation of Authorised Persons under Prevention of Money Laundering Act, (PMLA), 2002, as amended by Prevention of Money Laundering (Amendment) Act, 2009- Money changing activities.
All Authorised Persons (Indian Agents) are accordingly advised to take into account risks arising from the deficiencies in AML/CFT regime of these countries, while entering into business relationships and transactions with persons (including legal persons and other financial institutions) from or in these countries/ jurisdictions.
Jurisdictions with strategic AML/CFT deficiencies that have not committed to an action plan developed with the FATF to address key deficiencies as of June 2010. The FATF calls on its members to consider the risks arising from the deficiencies associated with each jurisdiction: Democratic People’s Republic of Korea (DPRK), Sao Tome and Principe.
