SEBI : A summary of SEBI's evolving regulatory framework, highlighting the integration of cyber security, KYC, and AML to combat financia...
Fema / RBI : The Supreme Court of India orders government and private entities to make digital KYC processes inclusive for persons with disabil...
Fema / RBI : It is well known that all banks baring private ones always insist for capital infusion by Government which passes negative results...
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...
SEBI : SEBI proposes a framework for the orderly winding down of KYC Registration Agencies (KRAs) to ensure service continuity and data p...
SEBI : SEBI seeks public comments on draft Investor Charter for KRAs, detailing services, rights, and grievance redressal. Submit feedbac...
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...
SEBI : SEBI, through Circular No. HO/38/30/12(1)2025-MIRSD-SEC-FATF dated December 10, 2025, has introduced a significant relaxation in t...
Fema / RBI : RBI has replaced the old 2016 KYC framework with entity-specific directions for all Authorised Persons. The update mandates compli...
Fema / RBI : RBI directed Regulated Entities to comply with a UNSC update to the ISIL/Al-Qaida Sanctions List under UAPA Section 51A, amending ...
Finance : Ministry of Finance streamlines PMLA KYC rules for SEBI-defined intermediaries, allowing CKYCRR uploads, updates, and retrieval to...
Company Law : Ministry of Corporate Affairs (MCA) has extended deadline for filing e-form DIR-3-KYC and DIR-3-KYC-WEB without fee...
Board has also decided to simplify the norms for KYC verification in the light of introduction of Goods & Services Tax (GST) and in view of the emphasis of government on adoption of a unified identifier. Accordingly, in modification of the earlier instructions
Central Board of Direct Taxes (CBDT) has recently introduced a facility of E-PAN (electronic PAN card) vide press release dated April 11, 2017. Accordingly it is clarified that E-PAN issued by CBDT can also be produced by FPI for KYC The other instructions contained in Circular CIR/IMD/FPIC/123/201 6 dated November 17, 2016 remains unchanged.
As we all know in India, there are many senior aged citizens who are not a part of Digitization i.e. they do not use Internet, emails, social media networks etc. Almost each household would have some sorts of Loans with a Bank or any other loan disbursement institutions and these senior citizens also form a part of these loans.
This article describes the FEMA/RBI guidelines for transfer of shares from resident to non-residents alongwith the corresponding tax implications of transfer/sale of shares by an Indian resident.
(i) ection 8(d) and (e), wherein it is mentioned that concurrent/internal audit system of the Regulated Entities (REs) has to verify the compliance with KYC/AML policies and procedures and submit quarterly audit notes and compliance to the Audit Committee
Keeping in mind highest standards of Chartered Accountancy profession in India, Council of ICAI thought it necessary to issue such KYC norms to be observed by members of profession who are in practice.
i. Explanation to Section 3(a)(ii)d pertaining to ‘definition of beneficial owner in case of trust’ which reads as – Explanation: Term ‘body of individuals’ includes societies has been deleted.
Why is KYC Needed? Since your KYC is one of the stepping stones when commencing a new financial relationship, it becomes obvious that you must keep all these documents well guarded and make sure they are not easily duplicated. If you let your documents float around the city then you could land in a major mess which could upset all your future financial relationships.
a) Central KYC Registry application can be accessed by registered/authorised institutions or other notified institutions under the Prevention of Money Laundering Act or rules framed by the Government of India or any Regulator (RBI, SEBI, IRDA and PFRDA) thereunder.
Whether intermediaries are required to carry out in-person verification (IPV) of the client, if KYC verification of the client is carried out through Aadhaar based e-KYC service offered by UIDAI as per the aforementioned SEBI Circular?
