The regulator held that identity and address verification lies with the last entity uploading KYC data to CKYCR. Payments banks relying on valid records need not repeat verification, while retaining responsibility for other CDD requirements.
The amendment clarifies that identity and address verification rests with the entity that last updated CKYCR records. Regional rural banks relying on such records are spared repeat checks but remain fully responsible for ongoing due diligence and AML compliance.
The regulator held that identity and address verification rests with the last entity uploading KYC data to CKYCR. Rural banks relying on valid records need not repeat verification, though full CDD responsibility otherwise continues.
The amendment clarifies that identity and address verification rests with the entity that last updated CKYCR records. Small finance banks relying on such records are spared repeat checks but must continue full customer due diligence under KYC norms.
The amendment clearly assigns identity and address verification to the entity that last updated customer records in CKYCR. Banks relying on such records are relieved from repeat checks but must continue full customer due diligence under KYC norms.
The regulator held that the bank last uploading or updating KYC data in CKYCR is responsible for identity and address verification. Other banks may rely on such records without re-verification, streamlining compliance while retaining broader CDD accountability.
The Government has deferred the commencement date of a notification issued under the LLP Act. The effective date now shifts from January 1, 2026, to February 16, 2026, without changing the substance of the law.
MCA amended its notification to postpone implementation of the reorganised Registrar of Companies framework for LLPs.
MCA amended its notification to postpone implementation of the reorganised Registrars of Companies framework under the Companies Act.
MCA amended its earlier notification to postpone the effective date of the restructured Regional Director jurisdictions under the Companies Act.
