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...
The default rule is that any two documents, out of those listed in paragraphs of the Master Circulars mentioned above, should be provided as activity proof by a proprietary concern. However, in cases where the banks are satisfied that it is not possible to furnish two such documents, they would have the discretion to accept only one of those documents as activity proof.
What is KYC? Why is it required? Response: KYC means ‘Know Your Customer’. It is a process by which banks obtain information about the identity and address of the customers. This process helps to ensure that banks’ services are not misused. The KYC procedure is to be completed by the banks while opening accounts and also periodically update the same.
Client Information as well as due diligence on clients has become a necessity for professionals in today’s complex business scenario. Such an exercise can be made possible in a structured way. Many professional bodies today advise their members to have KYC about their clients so that professionals can freely exercise and deliver their professional services in the best suited way.
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.
