Calcutta HC Disqualifies Politician Mukul Roy from Assembly under Anti-Defection Law || Supreme Court Bans Mining in and Around National Parks and Wildlife Sanctuaries || Supreme Court Terms Delay in Framing Charges for 4 Years in Maharashtra Case ‘Shocking’ || Kerala High Court: Widow’s Remarriage No Bar to Compassionate Appointment || Delhi HC: Child Care Leave Not Absolute but Cannot Be Denied Arbitrarily || Bombay HC: Furnace Oil Not Part of ‘Plant & Machinery’, No Complete Sales Tax Set-Off || MP HC: Injury Not Required to Prove Attempt to Murder || Supreme Court: Tenant Must Pay Rent Despite Appeal Against Fixation Order Without Stay || Supreme Court: Counterclaim under Order 8 Rule 6A CPC Allowed Only Against Plaintiff || SC: Externally Procured Parts Given For Assembly, Not Used in Manufacture, Not Liable to Excise Duty

Comprehensive Master Directions on Know Your Customer- (Reserve Bank of India) (25 Feb 2016)

MANU/RPRL/0070/2016

Banking

The Reserve Bank of India issued Master Direction called the ‘Reserve Bank of India (Know Your Customer (KYC) Directions, 2016’. The Directions provide guidelines for when KYC formalities must be complied with, what level of diligence is required and to whom the directions are applicable. Particularly, the Directions simplify diligence procedure for individuals and Self Help Groups.

Tags : KYC MASTER DIRECTIONS SIMPLIFICATION

Share :