Due Diligence

[Guest]

Hi, my company is private company which is going to take cc limit from bank in which there are 2 non resident director and 2 resident director. Now bank wann due diligence report of the following non resident directors. Can anybody have format of Due diligence report in respect of above matter????

[Mahir S]

No separate specific format of due diligence report for non resident directors.

The common format of due diligence report for submission to bank is to be used and the details of non resident directors are to be incorporated therein, as and where required.

http://www.rbi.org.in/scripts/NotificationUser.aspx?Id=4830andMode=0

 

[Guest]

Sir, The above mentioned link don t open kindly provide me proper address of it.....

[Mahir S]

http://www.rbi.org.in/scripts/NotificationUser.aspx?Id=4830andMode=0

or

http://icmai.in/upload/Institute/Updates_Archives/RBI_Letter_100209.pdf

AI Summary

Due diligence requirements: use the bank's standard director due diligence format and include non resident director particulars. Banks require a due diligence submission covering non resident directors, but there is no separate prescribed format solely for non resident directors; use the bank's standard due diligence report and incorporate non resident director particulars (identification, residency status, and other requested director specific details) into that common template.