Search Results for Tag : kyc

Notifications & Circulars

TRAI releases Recommendations on "Applicability of e-KYC process for existing mobile subscribers as well as outstation customers"(23.01.2017)

The Telecom Regulatory Authority of India (TRAI) has issued its Recommendations on (i) "Verification of existing mobile subscribers through Aadhaar ba.....

Tags : Recommendations, Applicability, E-KYC process

Consultation paper on role of KYC registration agencies/Market infrastructure institutions in performing KYC (Know Your Client) of clients in securities market(13.01.2021)

SEBI has prescribed various guidelines with regard to client KYC process, Use of technology for KYC, e-KYC Process, In-Person Verification, KYC Regist.....

Tags : Consultation paper, Role, KYC registration

Amendment to Master Direction (MD) on KYC(29.05.2019)

1. Government of India, vide Gazette Notification G.S.R. 108(E) dated February 13, 2019, has notified amendments to the Prevention of Money-laundering.....

Tags : Amendment, Master Direction, KYC

Norms of Aadhaar KYC are eased(14.11.2019)

Norms of Aadhaar KYC are eased for opening of bank account and not for the change of address in Aadhaar, said the Department of Revenue (DoR), Ministr.....

Tags : Norms, Aadhaar KYC, Easing of

Additional KYC instructions in respect of business connections(20.05.2024)

1. This is in continuation of instructions issued vide letter dated 31.08.2023 wherein, inter-alia, bulk connections were discontinued and business co.....

Tags : KYC instructions, Subscription, Undertaking

Amendment to the existing KYC instructions for M2M connections(21.03.2024)

1. This is in reference to this office letters of even number dated 16.05.2018 and 30.05.2019 vide which instructions for implementing restrictive fea.....

Tags : Amendment, KYC instructions, M2M connections

News

SEBI Issues Circular on Aadhaar E-KYC for Domestic Investors(06.11.2019)

Securities and Exchange Board of India has issued a circular regarding the process to be followed for Aadhaar-based electronic Know Your Customer (KYC.....

Tags : SEBI, E-KYC

Entities allowed to use e-KYC Aadhaar Authentication services of UIDAI in Securities Market as sub-KUA(06.05.2024)

1. The Master Circular on Know Your Client (KYC) norms for the securities market SEBI/HO/MIRSD/SECFATF/P/CIR/2023/169 dated October 12, 2023 inter ali.....

Tags : E-KYC, Aadhaar Authentication, UIDAI

Amendment to the Master Direction (MD) on KYC(17.10.2023)

1. Please refer to the Master Direction (MD) on KYC dated February 25, 2016, as amended from time to time, in terms of which Regulated Entities (REs) .....

Tags : Amendment, Master Direction, KYC

RBI Relaxes Deposits Norm of More Than Rs 5,000 in Old Denominations For KYC A/Cs(21.12.2016)

Reserve Bank of India has relaxed its notification, specifying that deposits of over 5000 rupees could be made only after furnishing a satisfactory re.....

Tags : Reserve Bank of India, Old Denominations, Deposits, KYC A/Cs, demonetisation

Periodic updation of KYC - Restrictions on account operations for non-compliance(05.05.2021)

This is with reference to Section 38 of the Master Direction on KYC dated February 25, 2016, in terms of which Regulated Entities (REs) have to carry .....

Tags : Periodic updation, KYC, Restrictions

Know Your Client (KYC) Requirements for Foreign Portfolio Investors (FPIs)(21.08.2018)

SEBI had issued circular No. CIR/IMD/FPIC/CIR/P/2018/64 dated April 10, 2018 in order to strengthen know your client (KYC) framework for foreign portf.....

Tags : KYC, Requirements, Portfolio Investors

Central KYC Records Registry nears operation(12.07.2016)

IRDA announced completion of key steps in the finalisation of Know Your Customer Template for "individuals" and Operating Guidelines for uploading of .....

Tags : Kyc, central repository, multiplicity

Central KYC Records Registry becomes operational(21.07.2016)

The Securities and Exchange Board of India announced the ‘live run’ of the Central KYC Records Registry from 15 July 2016, beginning with new ‘individ.....

Tags : kyc, central registry, permanent account number

Entities onboarded to perform authentication under the Aadhaar Act, 2016 for the purposes of Section 11A of PMLA are permitted to do so by using e-KYC setu system(06.12.2022)

1. In exercise of the powers conferred by sub-section (1) of section 11A of the Prevention of Money-laundering Act, 2002 (15 of 2003), in consultation.....

Tags : E-KYC setu, Permission

SC Approves Govt e-KYC Plan for Mobile Users Verification(07.02.2017)

Supreme Court has approved Government‘s plan to record identification details of mobile subscribers through an e-KYC (Know Your Customer) mechanism li.....

Tags : Supreme Court, e-KYC, Mobile Users Verification

Relaxation of KYC norms(26.04.2016)

The Central Board of Customs and Excise continued easing ‘Know Your Customer’ requirements for individuals. In its latest update, the Board received r.....

Tags : cbec, customs, kyc, address

Amendment to the Master Direction (MD) on KYC - Instructions on Wire Transfer(04.05.2023)

1. This is with reference to the Master Direction (MD) on KYC dated February 25, 2016, as amended from time to time, in terms of which Regulated Entit.....

Tags : Amendment, Master Direction, KYC

Reserve Bank of India Penalizes HDFC Bank Rs 1 Crore for Failing Know Your Customer Norms(30.01.2020)

Reserve Bank of India has imposed a penalty of Rs 1 Crore on Housing Development Finance Corporation (HDFC) Bank for failing to comply with the Centra.....

Tags : Reserve Bank of India, HDFC, KYC Norms

RBI penalises 13 Banks for violating KYC Norms(27.07.2016)

The Reserve Bank of India has imposed monetary penalty on the following banks for violation of regulatory directions / instructions / guidelines, amon.....

Tags : KYC Norms, Violation, Penalty

Amendment to the Master Direction (MD) on KYC(04.01.2024)

1. Please refer to the Master Direction (MD) on KYC dated February 25, 2016, as amended from time to time, in terms of which Regulated Entities (REs) .....

Tags : Amendment, Master Direction, KYC

GSTN Enables Option to Upload e-KYC Documents on GST Portal(13.04.2021)

Goods and Service Tax Network (GSTN) has enabled the option to authenticate the Aadhaar Card or upload e-KYC documents on GST Portal of Partner/ Promo.....

Tags : Goods and Service Tax Network, Uploading of e-KYC Documents

Application for Aadhaar e-KYC authentication licence(13.09.2021)

In terms of Section 11A of the PML Act, 2002, entities other than banking companies may, by notification of the Central Government, be permitted to ca.....

Tags : Aadhaar, KYC

Comprehensive Master Directions on Know Your Customer(25.02.2016)