Know Your Client (KYC) norms for ODI subscribers, transferability of ODIs, reporting of suspicious transactions, periodic review of systems and modified ODI reporting format
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ODI compliance: identify and verify beneficial owners above 25%/15%, maintain KYC, and report transfers and suspicious activity. ODI issuers must identify and verify beneficial owners exceeding 25% (companies) or 15% (partnerships/trusts/unincorporated bodies) and, if no such owner is identified, verify the natural person(s) controlling operations; KYC documents per Annexure must be maintained and produced on demand.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
ODI compliance: identify and verify beneficial owners above 25%/15%, maintain KYC, and report transfers and suspicious activity.
ODI issuers must identify and verify beneficial owners exceeding 25% (companies) or 15% (partnerships/trusts/unincorporated bodies) and, if no such owner is identified, verify the natural person(s) controlling operations; KYC documents per Annexure must be maintained and produced on demand.
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