Online KYC through eSign, Aadhaar e-KYC and VIPV enabled with secure app features and mandatory verifications. SEBI permits technology-enabled KYC: eSign electronic signatures and Aadhaar-based e-KYC (including recent Aadhaar XML/QR offline verification) replace wet signatures; DigiLocker digitally signed OVDs and scanned OVDs under eSign meet the original-seen requirement. Intermediaries must verify PAN via the Income Tax database and bank details via Penny Drop or bank APIs, retain no Aadhaar numbers and ensure redaction where required. VIPV must be live, time-stamped, securely saved, include random prompts and OVD display, and be performed by authorised trained personnel. Apps must provide real-time encrypted audiovisual interaction, liveliness checks, geo-tagging, and undergo security audits.
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.
Online KYC through eSign, Aadhaar e-KYC and VIPV enabled with secure app features and mandatory verifications.
SEBI permits technology-enabled KYC: eSign electronic signatures and Aadhaar-based e-KYC (including recent Aadhaar XML/QR offline verification) replace wet signatures; DigiLocker digitally signed OVDs and scanned OVDs under eSign meet the original-seen requirement. Intermediaries must verify PAN via the Income Tax database and bank details via Penny Drop or bank APIs, retain no Aadhaar numbers and ensure redaction where required. VIPV must be live, time-stamped, securely saved, include random prompts and OVD display, and be performed by authorised trained personnel. Apps must provide real-time encrypted audiovisual interaction, liveliness checks, geo-tagging, and undergo security audits.
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TaxTMI 
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TaxTMI 
