Finance : Understand the importance of completing re-KYC for your demat account opening in India. Learn why it crucial for account security ...
Company Law : Learn the process, documentation, and time limit for filing E-Form DIR-3 KYC or DIR-3 WEB KYC for company directors in India. No f...
Fema / RBI : Explore RBI's updated Master Directions on KYC for individuals: Strengthening compliance, combating fraud, and enhancing financial...
Company Law : Discover the essential considerations for professionals while preparing, verifying, and certifying e-form DIR-3 KYC. Learn about t...
Company Law : Discover the process of obtaining a Director Identification Number (DIN) for company directors and LLP partners....
Finance : Explore frequently asked questions (FAQs) on the registration of a Fund Management Entity (FME) and authorization of a scheme or f...
Corporate Law : Learn about Indian government's e-KYC authentication services, authorized entities, private firms, security audits, and data safet...
Corporate Law : KYM also called as 'Know Your Member' is a yearly activity. It is mandatory for members to file for KYM 2023-24 onwards The form ...
Fema / RBI : As per the guidelines of RBI, periodic updation is required to be carried out by REs at least once in every two years for high ris...
SEBI : Last date for updating KYC in Demat and Trading is 31st December 2021 Update your KYC else your Demat and Trading account will be ...
Income Tax : Analysis of Satbir Mahato Vs PCIT case by Kolkata ITAT, highlighting the dispute over Section 263 jurisdiction due to plausible vi...
Income Tax : Bangalore ITAT's ruling on cash deposits during demonetization raises questions on verification methods. Learn about the case betw...
Fema / RBI : Stay vigilant against KYC frauds! Learn the modus operandi, dos, and don'ts to safeguard your financial information. Read RBI's la...
Fema / RBI : Fresh KYC process can be done by visiting a bank branch, or remotely through a Video based Customer Identification Process (V-CIP)...
Corporate Law : EPFO Regional Office to consider application for withdrawal of prosecutions cases related to non-submission of KYC if employer req...
SEBI : KRAs are mandated to conduct comprehensive cyber audit at least twice a financial year. All KRAs shall submit a declaration from t...
SEBI : 1. These regulations may be called the Securities and Exchange Board of India {KYC (Know Your Client) Registration Agency} (Amendm...
A detailed procedure for processing of applications under the aforementioned Section for use of Aadhar authentication services by entities other than banking companies has been provided by the Department of Revenue, Ministry of Finance vide their circular dated May 9, 2019.
The Reserve Bank has been receiving complaints/reports about customers falling prey to frauds being perpetrated in the name of KYC updation. The usual modus operandi in such cases include receipt of unsolicited communication, such as, calls, SMSs, emails, etc., by customer urging him/her to share certain personal details, account / login details/ card information,
KYC, Re-KYC (KYC review), CKYC, misconceptions around KYC and Dormant/Inoperative Account (A/c): Harassment of Customers by Banks and Financial Institutions (FIs), etc Note for Readers:-The write-up is a bit lengthy but I am sure it will serve as one source of reference to millions of customers of the Financial System. Readers not keen on reading […]
Now-a-days many people receive mail from their banks stating that their bank account will become Inoperative/ Dormant for non-operation of Saving as well as Current Account? Many people got confused or stressed because of such mails, hence today I am writing this article to help my readers to understand and face this issue confidently.
What is cKYC? Probably some senior persons in the banking industry are aware of the formation of Central KYC registration agency in 2011 and its role etc. cKYC stands for Central KYC which is a centralised repository which allows storage of personal information of the customer centrally. Earlier, when a customer went to a financial […]
First time in Companies Act, 2013 and rules thereto, the concept of Director KYC was introduced in the year 2018. The Ministry of Corporate Affairs (‘MCA’) vide its Notification No. 615(E) Dated July 05, 2018 has amended the Companies (Appointment and Qualification of Directors) Rules, 2014 as the Companies (Appointment and Qualification of Directors) Fourth […]
Due to the lock down amidst Covid-19 Coronavirus Pandemic, Government of India has allowed the employees covered under the Employees Provident Fund Act to withdraw their Provident Fund accumulations as advance withdrawals. The employees in service to withdraw 75% of accumulated balance or 3 months of salary (Basic +DA) or the claim amount whichever is […]
It is the responsibility of every employers of establishments covered under the Employees Provident Fund Act to ensure updation of KYC details by the employees covered under the Employees Provident Fund Act. Every employee covered under the Employees Provident Fund Act has to update their personal KYC details from their respective Provident Fund Accounts i.e […]
SEBI has from time to time, taken steps to simplify the process of KYC for investors and intermediaries. SEBI has allowed the use of technological innovations which can facilitate online KYC. The use of technology would facilitate the investors to complete the KYC without the requirement of physically visiting the office of the intermediary.
In order to enable the Online KYC process for establishing account based relationship with the RI, Investor’s KYC can be completed through online / App based KYC, in-person verification through video, online submission of Officially Valid Document (OVD) / other documents under eSign, in the following manner:
